DUBAI // Graham Motion is under no illusions as to the difficulty of the challenge that lies before Main Sequence in the Dubai Sheema Classic tonight.
One thing he is certain about, though, is that the lack of Lasix will not be an issue.
Lasix, or furosemide, is a potent diuretic, which is administered to horses to prevent bleeding and is not permitted in the UAE on race day.
When asked whether he was concerned at the lack of the drug in Dubai, the American trainer told the Dubai Racing Channel: “No, I’m not worried about that at all.”
Main Sequence left Britain after he finished a lowly eighth to Godolphin’s Farhh in the Champion Stakes at Ascot Racecourse in October 2013. Now, under Motion’s patient guidance in the state of Maryland in the United States, he is a rejuvenated character.
In July last year, Main Sequence finally ran on turf in America and won the Grade 1 United Nations Stakes at Monmouth Park.
Since then, the horse is unbeaten in four races. His winning run included his defeat of tonight’s rival Flintshire at the Breeders’ Cup when he came with a late flourish reminiscent of sprinter Sole Power, who runs in tonight’s Al Quoz Sprint.
Motion attributes the improvement to the flatter racecourses in America and the end of constant travel to the track, which is a significant factor of racing in Britain.
When David Lanigan, Main Sequence’s former trainer, sent the horse to Motion “I knew he was a good horse, but could I have imagined he would go undefeated in that calibre of race? No way”.
Motion said: “It is pretty hard to win races like that consecutively at that level.
“Every time he has run, he has got a little better.”
If Flintshire is Main Sequence’s principal rival, there are five other horses that have struck at the highest level.
Designs On Rome has long been aimed at the Sheema Classic by Hong Kong trainer John Moore, and will be once again ridden by Joao Moreira, the Brazilian jockey.
Also from Asia is the Japanese Derby winner One And Only, while British mare Just The Judge will represent the new axis of Qatar Racing and the China Horse Club.
Also from Britain is Sheikhzayedroad, who won the Northern Dancer Turf Stakes at Woodbine in September.
Harp Star, last season’s Japanese 1t000 Guineas winner, was sixth behind Treve and Flintshire in the Prix de l’Arc de Triomphe in October, and was one place behind Dolniya, who has yet to score at Group 1 level.
Both fillies were relatively inexperienced in Paris and, of the two, it is Dolniya who has started her four-year-old season better when she beat Flintshire in a prep race at Chantilly.
“She has improved a lot and she has a real turn of foot,” trainer Alain de Royer-Dupre said at Meydan yesterday.
“I am confident she will run a good race.”
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Racecard
Brief scores:
Manchester United 4
Young 13', Mata 28', Lukaku 42', Rashford 82'
Fulham 1
Kamara 67' (pen),
Red card: Anguissa (68')
Man of the match: Juan Mata (Man Utd)
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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More on Quran memorisation:
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
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MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
Stage 2
1. Mathieu van der Poel (NED) Alpecin-Fenix 4:18:30
2. Tadej Pogacar (SLV) UAE Team Emirates 0:00:06
3. Primoz Roglic (SLV) Jumbo-Visma 0:00:06
4. Wilco Kelderman (NED) Bora-Hansgrohe 0:00:06
5. Julian Alaphilippe (FRA) Deceuninck-QuickStep 0:00:08
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
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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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MATHC INFO
England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)
New Zealand 7 (Try: Savea; Con: Mo'unga)