Red Bull team chief Christian Horner has made clear he is ready to rebuff any bids by Ferrari to lure design genius and technical director Adrian Newey to join the Italian team.
Horner, who has guided Sebastian Vettel and the team to four successive world titles with Newey-designed and developed cars, has been briefing reporters to see any Ferrari interest as purely “speculative”.
But after over-seeing a change of team leadership at Maranello and announcing his disappointment at Ferrari’s current form, president Luca di Montezemolo appears to be more keen than ever to recruit F1’s most successful designer of all.
“It is almost an annual thing that there is speculation about his future,” said Horner.
“But he has always made clear his feeling towards the team, the paternal feeling he has for Red Bull.
“He has been involved since the beginning and he is much more involved in this team than he has been at any other. He enjoys the environment that he is working in so I think the speculation is purely that, but you can understand why Ferrari would be looking.”
After a four-year spell of sustained success, it is thought by many that Newey may be ready for a new challenge as his team battle to keep up with pace-setters Mercedes who have won all five races this season.
And as the F1 circus heads to Monte Carlo this week for the glamorous and spectacular Monaco Grand Prix, won by Mercedes’ Nico Rosberg last year, another ‘Silver Arrows’ success looks almost inevitable with Rosberg hoping to end teammate Lewis Hamilton’s run of four victories in succession.
That streak of triumphs has lifted Hamilton to the top of the standings and, given his currently dazzling displays of supremacy in all conditions and his natural flair for street circuits, he looks to be a clear favourite to extend his lead in the title race.
Indeed, given Monaco’s reputation as the race weekend for setting up deals and doing business, another Hamilton win could be conducted against a backdrop of Ferrari pursuing a range of targets as they bid to rebuild their flagging fortunes.
After a disappointing start to the season was extended to a year since their last win following the Spanish Grand Prix, new team chief Marco Mattiacci has not ruled out ‘going to market’ to hire big technical names to boost the team if he believes it is necessary.
His comments are seen to signal a new bid by the scarlet scuderia to lure Newey away from Milton Keynes, but di Montezemolo said in Barcelona that he wanted Mattiacci to focus on the team rather than look outside it for improvement.
“He [Mattiacci] needs to do a full immersion in F1, taking care that I don’t ask him to become a technician or an expert in aerodynamics, engine or suspension,” Montezemolo joked.
Few Italians laughed. Like their leading driver two-time champion Fernando Alonso, they know that Ferrari are struggling to keep pace with their rivals.
Alonso said that Mercedes are “racing in a different category” compared to the other teams after he and Kimi Raikkonen came in sixth and seventh at the Spanish race.
“This season has been so-so – we haven’t been quick enough,” said Alonso.
“We have been lapped in Spain, we were ninth and 10th in Bahrain. We are not on the first row of the grid, but we are third in the world championship.
“So, apart from Mercedes, who are racing in a different category, we are first or second on any given weekend. There’s not any prize for that, it just shows how competitive we are, whatever we have we will fight all the time.”
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COMPANY%20PROFILE%20
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Profile of Foodics
Founders: Ahmad AlZaini and Mosab AlOthmani
Based: Riyadh
Sector: Software
Employees: 150
Amount raised: $8m through seed and Series A - Series B raise ongoing
Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.
Seemar’s top six for the Dubai World Cup Carnival:
1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Company%20profile
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SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
WITHIN%20SAND
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The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The%20specs
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Disposing of non-recycleable masks
- Use your ‘black bag’ bin at home
- Do not put them in a recycling bin
- Take them home with you if there is no litter bin
- No need to bag the mask
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
SPECS
Mini John Cooper Works Clubman and Mini John Cooper Works Countryman
Engine: two-litre 4-cylinder turbo
Transmission: nine-speed automatic
Power: 306hp
Torque: 450Nm
Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500
COMPANY%20PROFILE
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.