Gerry and Kate McCann, whose daughter Madeleine went missing from a holiday apartment in the Algarve resort of Praia da Luz in 2007, a few days before her fourth birthday, as her parents and their friends dined at a nearby restaurant.
Gerry and Kate McCann, whose daughter Madeleine went missing from a holiday apartment in the Algarve resort of Praia da Luz in 2007, a few days before her fourth birthday, as her parents and their friends dined at a nearby restaurant.
Gerry and Kate McCann, whose daughter Madeleine went missing from a holiday apartment in the Algarve resort of Praia da Luz in 2007, a few days before her fourth birthday, as her parents and their friends dined at a nearby restaurant.
Gerry and Kate McCann, whose daughter Madeleine went missing from a holiday apartment in the Algarve resort of Praia da Luz in 2007, a few days before her fourth birthday, as her parents and their fri

Kate McCann, mother of missing Madeleine, releases book


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LONDON // The mother of Madeleine McCann, the three-year-old who vanished from a holiday apartment in Portugal in 2007, will reveal the "endless bad dream" she has endured in a book to be published tomorrow.

Kate McCann, 43, a British doctor, will also level stinging criticism at the way Portuguese police investigated the little girl's disappearance and their attempts to blame the parents for killing her.

In her book Madeleine, the proceeds of which are going to a fund financing a continuing, worldwide search by private detectives for the little girl, Mrs McCann says that she and her husband Gerry felt "completely alone" as they searched for their daughter the day after the disappearance. Later, Portuguese police formally named the McCanns as suspects. Describing one police interrogation, Mrs McCann writes: "I felt I was being bullied, and I suppose I was.

"I assumed the tactics were deliberate - knock her off balance by telling her that her daughter is dead and get her to confess.

"On and on it went. They tried to convince me I'd had a blackout, 'a loss of memory episode', I think they called it. My denials, answers and pleas fell on deaf ears. This was their theory and they wanted to shoehorn me into it, end of story."

Madeleine disappeared from a bedroom in an apartment in Praia du Luz where the McCanns were on a family holiday.

The couple were dining with friends on the evening of May 3, 2007, at a tapas restaurant across a swimming pool about 100 metres from the apartment where Madeleine and her younger brother were sleeping. In the book, Mrs McCann admits that it "goes without saying we now bitterly regret" leaving the children unattended.

Midway through the meal, Mrs McCann went back to the apartment to check on them and discovered their young daughter had gone.

"When I realised Madeleine wasn't there I went through to our bedroom to see if she'd got into our bed. On the discovery of another empty bed, the first wave of panic hit me," she says.

"As I ran back into the children's room the closed curtains flew up in a gust of wind.

"My heart lurched as I saw that, behind them, the window was wide open and the shutters on the outside were raised all the way up. Nausea, terror, disbelief, fear. Icy fear. Dear God, no. Please, no."

In the ensuing four years, Mrs McCann says she has fallen victim to bouts of depression and even contemplated suicide.

"I had an overwhelming urge to swim out across the ocean, as hard and as fast as I could: to swim and swim and swim until I was so far out and so exhausted I could just allow the water to pull me under and relieve me of this torment."

Portugal called off its active investigation of the case in 2008. Despite supposed sightings across the world, including the Middle East, no trace of Madeleine has been found.

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Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

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The specs: 2018 Alfa Romeo Stelvio

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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.”

MATCH INFO

Day 2 at the Gabba

Australia 312-1 

Warner 151 not out, Burns 97,  Labuschagne 55 not out

Pakistan 240 

Shafiq 76, Starc 4-52

'The Ice Road'

Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne

2/5

Scoreline

Bournemouth 2

Wilson 70', Ibe 74'

Arsenal 1

Bellerin 52'