British police arrested three people on suspicion of planning to disrupt the Grand National horse race, as a group of animal rights activists gathered outside the track north of the city of Liverpool.
The protesters were arrested on suspicion of conspiracy to cause public nuisance, police said.
A 25-year-old woman and a man were arrested while protesting outside Aintree racecourse, where the famous steeplechase takes place.
That followed the arrest earlier on Saturday of a 33-year-old woman in the Greater Manchester area “in connection with potential co-ordinated disruption activities” at the Grand National, police said. Their names were not disclosed.
Merseyside Police said the force had planned for the possibility of protests.
“Merseyside Police has been working with The Jockey Club and other partners to keep people safe during the Grand National Festival,” the force said in a statement.
“We are aware of some people planning to protest at the event.
“This has been factored into our plans. We respect the right to peaceful protest and expression of views, but criminal behaviour and disorder will not be tolerated and will be dealt with robustly.”
Climate and animal rights group Animal Rising announced plans to scale fences and enter the track — with up to 300 activists — to prevent the race from starting.
Activists also said they would block traffic by performing a slow march along Ormskirk Road, the main access route.
About 30 animal rights protesters gathered outside Aintree Racecourse on Saturday morning.
The annual Grand National race, which will feature 39 runners, is set to start at 5.15pm.
Dora Hargitai, 37, a volunteer with Animal Rising, said: “I do believe we can have non-violence on both sides.
“The race has to stop. Today and forever.”
On Thursday, one horse died at the festival — Envoye Special, ridden by James King — after it fell in the Foxhunters' Chase just after 4pm.
It was the 60th horse to die at Aintree in the past 23 years.
Animal Rising, which changed its name from Animal Rebellion on Monday to move away from the umbrella of Extinction Rebellion, wants to use UK horse racing's biggest calendar event to highlight the “broken relationship” between humans and animals.
Spokesman Nathan McGovern said: “It's a spotlight that we really need to be using to push a national conversation about our broken relationship, not only with horses but with all the animals that we use, whether that's for food, fun, entertainment and dog and horse racing.
“This is very much about a bigger picture of recognising that, in a nation of animal lovers, we're not really living up to those values with our actions.”
Animal Rising's plans for the Grand National became public when an undercover Mail on Sunday reporter attended a meeting this month.
They said the activists planned to use ladders and bolt cutters to get past Aintree's perimeter fencing.
A racecourse representative said: “We respect the right to peaceful protest but sincerely hope that Animal Rising reflect on whether their proposed actions are legitimate and responsible.
“Their actions could endanger the horses they purport to protect, as well as jockeys, officials and themselves.
“As you would expect, we are working closely with Merseyside Police to ensure we protect the safety and enjoyment of everyone, including all participants, human or equine, at the Grand National.”
A British Horseracing Authority representative said: “While we respect the rights of anyone to protest safely and legally, we condemn any action which is illegal, especially if it puts at risk the safety of horses, jockeys, officials or fans.”
Bio:
Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
Favourite place to visit: London
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
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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