SAO PAULO // He mastered Melbourne and Monte Carlo, he conquered Spa and Singapore, he dominated in India and Abu Dhabi.
Saturday, under dense and dark clouds, Sebastian Vettel once again produced a scintillating final lap to confirm his omnipotence in qualifying and break the all-time record for pole-positions achieved in a single season.
The German secured his 15th pole from 19 races with an incredible lap that was 0.181 seconds faster than Mark Webber, his Red Bull Racing teammate. The result saw him beat Nigel Mansell's record, who achieved 14 poles from 16 races in 1992.
"It is difficult," Vettel, when asked to put his feelings into words, said. "I gave my everything and was very emotional when I crossed the line because it was all I had. I had to wait quite a long time to see if the time was good enough or not and my ears kept popping.
"My engineer told me [Jenson] Button was P2 [second place], then Mark P2 and then that I got pole. Obviously it took the master a couple of races less, but it is very special to me."
Vettel had led for the majority of the hour-long session and was "already happy" as he sat top of the time sheets with only minutes remaining. Yet he was not convinced and decided he needed one last lap to guarantee his 30th career pole.
With Webber posting a late lap shortly after Vettel's, the decision was vindicated.
"It's disappointing," said Webber, who finished 0.184s ahead of third-fastest Jenson Button of McLaren-Mercedes.
"I tried to help old Nigel out, but it didn't quite work. We both got the maximum out of the car. Seb did a good lap as usual and my lap was pretty good as well. Seb just had that extra 10th to grab pole."
It is not the first time this season the 24-year-old, two-time world champion has left it late to secure the front place on the grid. He did similar duty in Kuala Lumpur, in Japan and at Yas Marina Circuit two weeks ago.
His habit has even earned him disbelieving looks from his race team.
"We had a nice dinner on Wednesday and some of the mechanics were joking with me, asking 'Where's the bag that you keep these couple of 10ths in for Q3 that you bring out'?" Vettel said.
"There is no secret, but once we go into qualifying and you find the run and are excited and nervous, it's like a rush."
The Brazilian weather, unlike the predictability of Vettel pole performances, is erratic.
Rain is forecast to arrive Sunday, which has the ability to transform the famous Interlagos circuit.
For the past two years, the pole-sitter has finished the race in eighth position.
"There is always more chances if it's wet, but the risk is higher," Vettel said.
"It can be exciting for us, but it is quite a bit trickier - especially in this place. This has always been a miracle track and we have seen a lot of overtaking. This track has potential to be, in a positive way, a bit crazy."
Button is renowned for being suited to racing in the wet. His victory at a sodden Canadian Grand Prix earlier in the year was as awesome as it was unforgettable.
He calls it his best ever race.
"When it is wet, it is obviously a lot more tricky," Button said. "You can have a great performance and end up winning or you can have a great performance, but end up off the road."
gmeenaghan@thenational.ae
UAE TV: 8pm, Abu Dhabi Sports 2 & 6
How to join and use Abu Dhabi’s public libraries
• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.
• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.
• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.
• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.
• For more information visit the library network's website.
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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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