Robert Lewandowski's 26-minute hat-trick steered La Liga leaders Barcelona three points clear of Real Madrid with an emphatic 3-0 win at Alaves on Sunday.
The Polish striker reached 10 goals for the season in nine league games, stretching his lead as the division's top goalscorer with a first-half treble.
Champions Madrid beat Villarreal on Saturday to pull level with Barcelona but the Catalans strolled to a comfortable triumph at Alaves' Mendizorroza stadium to continue a strong start to the campaign under new coach Hansi Flick.
"I get a lot of good passes and so it's easier for me to score goals," Lewandowski told DAZN.
"Today in the first half we played well from the first minute, we wanted to attack and score goals.
"If you score three goals in the first half then in the second you can play with everything under control."
Barca secured their eighth victory in nine La Liga matches by taking control from the start.
Lewandowski and winger Raphinha, in superb form this season, were Barcelona's key players in a match they largely dominated against 12th-placed Alaves.
The Brazil international had a goal disallowed for offside before setting up Lewandowski for the opener with an inviting free-kick, which the striker headed home.
Raphinha burst down the left wing for Barcelona's second, crossing for the veteran Polish forward to knock in with ease.
Alaves goalkeeper Antonio Sivera denied both Raphinha and Lewandowski before the latter completed his hat-trick.
Marc Casado found Eric Garcia, who had replaced the injured Ferran Torres early on, and the defender slipped in Lewandowski to finish clinically across Sivera.
The 36-year-old hitman looks far sharper than last season and has 12 goals in 11 games across all competitions.
Alaves thought they had pulled a goal back before the break when Toni Martinez headed home but Nahuel Tenaglia was offside in the build-up.
Martinez hit the post in the second half when a corner escaped Barcelona goalkeeper Inaki Pena, playing in place of the injured Marc-Andre ter Stegen.
Sivera made a fine save to thwart Ansu Fati, who had replaced an unusually quiet Lamine Yamal.
Alaves had another goal disallowed when Santiago Mourino headed home a free-kick, but he had strayed offside – the hosts were flagged off 11 times in the match, largely thanks to Barca's high defensive line.
"They were better than us in the first half, although we had a couple of chances ... in the second half we improved and we tried until the end," Alaves winger Abde Rebbach told DAZN.
"We're known for the effort we put into every match, that's why we are where we are, and we have to look forward to the next one."
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 DETAILS
Manchester United 3
Greenwood (21), Martial (33), Rashford (49)
Partizan Belgrade 0
Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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World Cup warm up matches
May 24 Pakistan v Afghanistan, Bristol; Sri Lanka v South Africa, Cardiff
May 25 England v Australia, Southampton; India v New Zealand, The Oval
May 26 South Africa v West Indies, Bristol; Pakistan v Bangladesh, Cardiff
May 27 Australia v Sri Lanka, Southampton; England v Afghanistan, The Oval
May 28 West Indies v New Zealand, Bristol; Bangladesh v India, Cardiff
MATCH INFO
England 2
Cahill (3'), Kane (39')
Nigeria 1
Iwobi (47')
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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UAE currency: the story behind the money in your pockets
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
