WEST BROMWICH // It may rank among the most forgettable matches of the Premier League season but at least the first slump of Steve Clarke's managerial career is over. After their season stalled with a hat-trick of defeats, West Bromwich Albion are on the move again, albeit slowly.
A rather sterile stalemate against West Ham United nudged them up to 27 points. Forty, the traditional guarantee of safety that the pragmatist in Clarke recognises is the first target, should be reached with much of the campaign remaining.
"It does stop the run of defeats and it is another point towards the total we are trying to achieve," he said. "I thought the draw was just about the right result."
West Ham, too, illustrated why safety beckons. After a gruelling recent run of games and with a lengthy injury list, they still ground out a draw.
Indeed, it represented a better result for them, not least because Albion's James Morrison twice struck the bar. The hosts had more of the possession and the majority of chances but their goal drought has been extended. "We didn't quite do enough," added Clarke.
November's manager of the month is unlikely to retain his title for December, not least because Albion have failed to score in their last three games, but they showed they are not a side on the slide.
They displayed organisation and endeavour, but while there was plenty of perspiration, inspiration was in rather shorter supply.
The only real moment of invention came from Morrison, who clipped the bar with an improvised volley after Zoltan Gera had hooked Chris Brunt's corner back into his path. The midfielder struck wood again when Brunt delivered another corner and he rose highest; once again the frame of the goal came to Jussi Jaaskelainen's rescue. "If that goes in, it is a different game," said Clarke.
But Allardyce felt they were rare opportunities. "Our defensive qualities were exceptionally good and that frustrated West Brom to little or no clear-cut chances," he said. "The players take great credit."
Central defenders Winston Reid and James Collins were particularly defiant.
They also had a role to play at the other end. Dead-ball expertise is a feature of Allardyce's teams and West Ham are no exceptions. It almost brought a breakthrough when Reid volleyed over after Collins headed Mark Noble's corner into his path. Late on, a stretching Joey O'Brien volleyed just over following a free kick from Noble, the designated set-piece specialist.
In between, there were moments of menace from Carlton Cole but they were isolated incidents.
The Hawthorns has become a fortress for Albion. Only Stoke City have conceded fewer goals at home and a shutout was a sign of solidity.
"It was important to defend well for the clean sheet," Clarke added, "We haven't had one for a while."
Their task was made simpler by the absence of many of the Hammers' attacking talents. Allardyce was only able to name six substitutes because of a debilitating injury list, with seven players sidelined.
"We are down to the bare bones," he said. "It was a real good, honest, solid performance from the players. I am really relieved we got a point."
Yet while it was a laudable effort, a lamentable game was summed up by gifted technicians, in Noble and Brunt, miskicking with a sight of goal.
sports@thenational.ae
Follow us
@SprtNationalUAE
UAE currency: the story behind the money in your pockets
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
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.”
More from Neighbourhood Watch:
SERIE A FIXTURES
Saturday (All UAE kick-off times)
Cagliari v AC Milan (6pm)
Lazio v Napoli (9pm)
Inter Milan v Atalanta (11.45pm)
Sunday
Udinese v Sassuolo (3.30pm)
Sampdoria v Brescia (6pm)
Fiorentina v SPAL (6pm)
Torino v Bologna (6pm)
Verona v Genoa (9pm)
Roma V Juventus (11.45pm)
Parma v Lecce (11.45pm)