Manchester United’s Robin van Persie and West Ham’s Aaron Cresswell in an aerial duel for the ball at Upton Park, London. Adrian Dennis / AFP
Manchester United’s Robin van Persie and West Ham’s Aaron Cresswell in an aerial duel for the ball at Upton Park, London. Adrian Dennis / AFP
Manchester United’s Robin van Persie and West Ham’s Aaron Cresswell in an aerial duel for the ball at Upton Park, London. Adrian Dennis / AFP
Manchester United’s Robin van Persie and West Ham’s Aaron Cresswell in an aerial duel for the ball at Upton Park, London. Adrian Dennis / AFP

Plugging Manchester United’s defence will be a tall order for Louis van Gaal


Richard Jolly
  • English
  • Arabic

Unrepentant pragmatist 1

Self-proclaimed philosopher 1.

Sam Allardyce took the aerial approach, while Louis van Gaal climbed off the high moral ground to emulate his host.

Yet for much of the match, the supposed purist, Van Gaal, was left looking naive and his side were fortunate to leave Upton Park with a point.

It owed nothing to his much-vaunted ethos and more to imitating Allardyce.

Manchester United failed trial by set pieces.

They looked utterly unprepared for it, even though it is no secret that any Allardyce team will be dead-ball specialists or that they will feature plenty of towering figures.

The Hammers led with a goal that was finished brilliantly by the juggling, volleying Cheikhou Kouyate, but which had been coming since the first whistle.

United defended setpieces with a haplessness more commonly associated with Arsene Wenger’s Arsenal or Brendan Rodgers’ Liverpool – although both those sides, aided by defensive improvements, had beaten West Ham recently.

Van Gaal’s team rallied in the closing stages, but scarcely deserved a draw that was procured in a manner more associated with West Ham.

There can be a contemptuous tone to Van Gaal’s voice when he talks about opponents playing long balls, but his United have pursued the same policy when they aim for Marouane Fellaini.

The giant Belgian was Plan B.

Without touching the ball, the substitute’s nuisance value allowed Daley Blind to score his injury-time equaliser.

But direct football has its benefits and it also brings a fundamental requirement to do the basics.

Most times Mark Noble swung in a set piece, United panicked.

With illogical disdain, especially given his use of Fellaini, Van Gaal sometimes suggests his shorter side cannot be expected to combat taller opponents.

Yet while he may regard it as a principled stand, it feels like a self-defeating combination of obduracy and innocence.

Certainly his former protege Jose Mourinho is more streetwise. He picked eight six-footers in his Chelsea side at Stoke and saw them repel an aerial attack and win.

In contrast, United defended set pieces poorly at the Britannia Stadium on New Year’s Day and drew.

They struggled even against League Two opposition, leading to the strange situation where a Manchester United manager has complained Cambridge have a height advantage – it felt like a 63-year-old manager was moaning about bigger boys in the playground.

Yet, as he spent £152 million last summer, he had the chance to reshape United.

Instead, his one central-defensive recruit, Marcos Rojo, is among the smaller players to operate in his position.

Not that it is merely a matter of feet and inches, when presence, aerial ability and commitment all count as well.

Nemanja Vidic possessed all and Van Gaal erred in not replacing him last summer – when a commanding centre-back was required, the Dutchman failed to find a leader at the back.

Perhaps he was blinded by their fine form in pre-season, but a manager of his calibre ought to have identified a problem before it developed. Instead, he has made a habit of congratulating himself by remarking on United’s decent defensive record without acknowledging just how much that owes to goalkeeper David de Gea.

The Spaniard delayed the inevitable goal, with a fine save from Enner Valencia, but his excellence cannot always obscure the frailties in front of him.

While injuries have afforded United an excuse for much of the season, West Ham were the team with the makeshift defence.

Midfielder Kouyate lined up in the back four for the first time in his Hammers career and acquitted himself admirably but he was struggling to complete the game when Blind levelled.

If they had been able to call upon James Collins and Winston Reid, the sidelined, sizeable first-choice centre-backs, the probability is that West Ham would have won.

It is a stated aim of Allardyce to see his side score more goals than they concede from set pieces every season.

It is a hard-headed piece of logic that Van Gaal would be advised to adopt.

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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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