• Alexander Volkanovski, right, defeated Max Holloway during their first bout UFC 245 at T-Mobile Arena on December 14, 2019 in Las Vegas, Nevada. AFP
    Alexander Volkanovski, right, defeated Max Holloway during their first bout UFC 245 at T-Mobile Arena on December 14, 2019 in Las Vegas, Nevada. AFP
  • Alexander Volkanovski prepares for a bout against Max Holloway at UFC 245 at T-Mobile Arena on December 14, 2019. Reuters
    Alexander Volkanovski prepares for a bout against Max Holloway at UFC 245 at T-Mobile Arena on December 14, 2019. Reuters
  • Alexander Volkanovski punches UFC featherweight champion Max Holloway in their title fight during UFC 245 at T-Mobile Arena on December 14, 2019 in Las Vegas, Nevada. Volkanovski took the title by unanimous decision. AFP
    Alexander Volkanovski punches UFC featherweight champion Max Holloway in their title fight during UFC 245 at T-Mobile Arena on December 14, 2019 in Las Vegas, Nevada. Volkanovski took the title by unanimous decision. AFP
  • Alexander Volkanovski prepares for a bout against Max Holloway at UFC 245 at T-Mobile Arena on December 14, 2019. Reuters
    Alexander Volkanovski prepares for a bout against Max Holloway at UFC 245 at T-Mobile Arena on December 14, 2019. Reuters
  • Max Holloway kicks Alexander Volkanovski of Australia during their UFC featherweight championship rematch at UFC 251 at Flash Forum on UFC Fight Island on July 12, 2020 in Abu Dhabi. Zuffa LLC
    Max Holloway kicks Alexander Volkanovski of Australia during their UFC featherweight championship rematch at UFC 251 at Flash Forum on UFC Fight Island on July 12, 2020 in Abu Dhabi. Zuffa LLC
  • Alexander Volkanovski of Australia celebrates after his split-decision victory over Max Holloway to successfully defend his UFC feagtherweight title at UFC 251 in Abu Dhabi. Zuffa LLC
    Alexander Volkanovski of Australia celebrates after his split-decision victory over Max Holloway to successfully defend his UFC feagtherweight title at UFC 251 in Abu Dhabi. Zuffa LLC

UFC featherweight rivals Volkanovski and Holloway set for summer trilogy bout


John McAuley
  • English
  • Arabic

The much-anticipated trilogy between featherweight champion Alexander Volkanovski and Max Holloway seems set for this summer.

US outlet MMA Junkie confirmed late on Thursday that verbal agreements are in place for the bout at UFC 276 on July 2, following an initial report from prominent journalist Ariel Helwani. MMA Junkie said, though, that contracts have still to be issued.

On Thursday, Volkanovski tweeted that he was "back in fight camp", with Holloway following on the social media platform to suggest the bout was booked.

Volkanovski, who is 24-1 in professional MMA and unbeaten in all 11 UFC appearances, was slated to face former champion Holloway in March, but the latter withdrew through injury. The pair met first in December 2019, when Volkanovski defeated the Hawaiian by unanimous decision at UFC 245 in Las Vegas to secure the title.

Volkanovski then successfully defended the belt at UFC 251 during the inaugural Fight Island in Abu Dhabi in July 2020, coming through the back-and-forth encounter at Du Arena via split decision. The Australian has since gone on to twice defend the title, first against Brian Ortega and then with a stellar fourth-round stoppage win against Chan Sung Jung two months ago. “The Korean Zombie” was a late replacement for Holloway.

Holloway, meanwhile, rebounded brilliantly from that second straight championship loss to Volkanovski, winning back-to-back clashes against Kalvin Kattar in January last year – that bout also took place in Abu Dhabi – and most recently against Yair Rodriguez, in November. Both bouts were awarded Fight of the Night bonuses. Holloway’s pro MMA record reads 23-6 (19-6 UFC).

Although not yet confirmed by the promotion, UFC 276 is scheduled for International Fight Week and is to be staged at T-Mobile Arena. The card is understood to also feature among other bouts Lauren Murphy versus Miesha Tate and Sean O’Malley against Pedro Munhoz.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Prefers vegetables and fish to meat and would choose salad over pizza

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France is her favourite country to visit

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Family: Husband, three sons and a daughter

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UAE currency: the story behind the money in your pockets
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Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

Updated: May 06, 2022, 8:53 AM