From left: James Jackson Jr, Jason Veasey, Michael Lyles, Jaquel Spivey, L Morgan Lee, Andrew Morrison and Antwayn Hopper during a performance of 'A Strange Loop' in New York. AP
From left: James Jackson Jr, Jason Veasey, Michael Lyles, Jaquel Spivey, L Morgan Lee, Andrew Morrison and Antwayn Hopper during a performance of 'A Strange Loop' in New York. AP
From left: James Jackson Jr, Jason Veasey, Michael Lyles, Jaquel Spivey, L Morgan Lee, Andrew Morrison and Antwayn Hopper during a performance of 'A Strange Loop' in New York. AP
From left: James Jackson Jr, Jason Veasey, Michael Lyles, Jaquel Spivey, L Morgan Lee, Andrew Morrison and Antwayn Hopper during a performance of 'A Strange Loop' in New York. AP

Tony Awards 2022: 'A Strange Loop' leads with 11 nominations


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A Strange Loop, Michael R. Jackson’s critically cheered theatre meta-journey earned a leading 11 Tony Award nominations on Monday, as Broadway joined the national discussion of race by embracing an envelope-pushing black-written and black-led musical.

Jackson’s 2020 Pulitzer Prize drama winner about a black man writing a show about a blackman earned nods for best musical, best leading man in newcomer Jaquel Spivey and best featured actress for L Morgan Lee.

Jesse Williams, the Grey’s Anatomy star making his Broadway debut, earned a nomination for Take Me Out, as did his co-star Jesse Tyler Ferguson of Modern Family fame.

Playwright Lynn Nottage had two reasons to smile on Monday morning: her book for the musical MJ was nominated for best book and her play Clyde’s got a nod for best play.

Right behind A Strange Loop is a tie with 10 nominations each for MJ, a bio musical of the King of Pop stuffed with his biggest hits, and Paradise Square, a musical about Irish immigrants and Black Americans jostling to survive in New York City around the time of the Civil War.

The rest of the best new musical category includes Six, the corrective feminist take on the six wives of England’s Henry VIII, Girl From the North Country, which uses the songs of Bob Dylan to weave a Depression-era story in the Midwest and Mr. Saturday Night, a reworking of Billy Crystal's film about a bitter, old insult comic chasing a last laugh.

Two of the best play nominees are about economics — Skeleton Crew, Dominique Morisseau’s play about blue-collar job insecurity in a Detroit auto stamping plant in 2008, and The Lehman Trilogy, Stefano Massini’s play spanning 150 years about what led to the collapse of financial giant Lehman Brothers.

There's also Clyde’s, Nottage’s play about a group of ex-cons trying to restart their lives at a truck stop diner, and Hangmen, Martin McDonagh’s look at an executioner-turned-pub owner forced to grapple with his past when capital punishment is made illegal in the United Kingdom. The Minutes, Tracey Letts’ depiction of a small-town city council meeting that exposes back-stabbing, greed and the larger delusions in American history, also earned a best play nod.

There were four musical revivals during the season, but only three got nominations: The Music Man which celebrates America’s soul with a travelling con man in a small Iowa town starring Hugh Jackman and Sutton Foster, who each have two Tonys and were each nominated this time as well.

The two other entries in the musical revival category are Caroline, Or Change, Tony Kushner and Jeanine Tesori’s show that explores America’s racial, social and economic divisions in 1963 Louisiana; and Company, Stephen Sondheim’s exploration of a single person’s conflicted feelings about commitment, this time with a gender-switching of the lead character. That left Funny Girl, the classic American show starring Beanie Feldstein about the rise of a comic star of the Ziegfeld Follies, out of the running — it got only one nod, for Jared Grimes as best featured actor.

Nominations for best play revival are Trouble in Mind, Alice Childress’ play about a Broadway play that explores the racial divide in the 1950s, and How I Learned to Drive, Vogel’s Pulitzer Prize-winning memory play told by the survivor of childhood sexual abuse, starring two nominees: Mary-Louise Parker and David Morse. The others are Take Me Out, Richard Greenberg's baseball play and For Colored Girls Who Have Considered Suicide / When the Rainbow is Enuf, playwright Ntozake Shange’s exploration of black womanhood.

The season — with a whopping 34 new productions — represents a full return to theatres after nearly two years of a pandemic-mandated shutdown. It is also notable for a wave of plays by black playwrights, reflecting the impact on Broadway of the global conversation about race following the killing of George Floyd in 2020.

Neither Matthew Broderick nor his wife Sarah Jessica Parker earned nominations for a revival of Plaza Suite, but Patti LuPone received one for Company and so did LaChanze for Trouble in Mind. Ruth Negga earned a nomination for Macbeth, but her co-star Daniel Craig came up empty-handed.

The musical Mrs. Doubtfire earned only one nod, for Rob McClure, stepping into the Robin Williams role of an actor who poses as his children’s portly, Scottish nanny to spend time with them after a divorce.

The nominees for best actress in a musical nominees are: Sharon D. Clarke of Caroline, Or Change; Sutton Foster in The Music Man; Katrina Lenk in Company; Joaquina Kalukango for Paradise Square; Carmen Cusack in Flying Over Sunset; and Mare Winningham in Girl From the North Country.

Joining Spivey, Jackman and McClure in the best actor in a musical category are Crystal for Mr. Saturday Night and Myles Frost, whose King of Pop in MJ was a moonwalking triumph.

The eligibility cut-off date for the 2021-2022 season was delayed to May 4 after several Broadway shows had to cancel performances due to Covid-19 cases reported among cast and crew.

The Tony Awards will be held at Radio City Music Hall on June 12.

The ceremony will air live on CBS and Paramount+ starting at 8pm ET (4am UAE).

Film and stage star Ariana DeBose will host the event.

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Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

England squad

Goalkeepers: Jordan Pickford, Nick Pope, Aaron Ramsdale 

Defenders: Trent Alexander-Arnold, Conor Coady, Marc Guehi, Reece James, Harry Maguire, Tyrone Mings, Luke Shaw, John Stones, Ben White

Midfielders: Jude Bellingham, Conor Gallagher, Mason Mount, Jordan Henderson, Declan Rice, James Ward-Prowse

Forwards: Tammy Abraham, Phil Foden, Jack Grealish, Harry Kane, Bukayo Saka, Emile Smith Rowe, Raheem Sterling

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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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Updated: May 09, 2022, 3:15 PM