The West Indies captain Chris Gayle speaks during a press conference before the three one-day series against Pakistan at Zayed Cricket stadium.
The West Indies captain Chris Gayle speaks during a press conference before the three one-day series against Pakistan at Zayed Cricket stadium.

The toss can make all the difference



ABU DHABI // In the contest between the bat and the ball that is called cricket, there are variable factors that matter much in the modern age. The home advantage, the collective form of the team, the toss and ground conditions, especially in a day-night game, are variables that count.

As Pakistan take on West Indies on a neutral arena, these variables will come in to play more significantly than most other contests. Starving for some action back home, Pakistan will try to shake off their rustiness as quickly as possible and there will be butterflies in many stomachs when they meet the boys from the Caribbean in the first of the three one-day internationals at the Sheikh Zayed Stadium today.

But despite the neutral venue, it will still be Pakistan's party considering the large amount of expatriates staying in the capital. The Pakistan coach Intikhab Alam on arrival was banking on that to get into the winning habit. The West Indies captain Chris Gayle tried to play it down saying "the more the crowd, more the fun". However, the anxiety factor was betrayed when a senior West Indies player asked a journalist, "Will there be a decent crowd?"

The home advantage can be negated if the form book rules. And the Windies are heavy on confidence. Their recent resounding success over England in the Stanford Series has been a big morale-booster apart from the $20million (Dh75m) prize money that the team shared. "It was a huge boost to our confidence and the boys are motivated to be consistent in all forms of the game," Gayle said. Gayle also admitted that the series may have actually boiled down to a one-off match but a six-week camp preceding it was very gruelling, so much that the Windies' coach John Dyson is worried about the overkill effect. Gayle himself said it was the "most intense training" of his career. Dyson too shrugged off the issue yesterday: "We have to get down and play to our best when we take the park."

Dyson's only worry for the team was that the players were not getting big scores. "We have a balanced team. The batsmen need to be consistent though; they are getting 20 and 30s but not big ones." A flat pitch offers them the perfect platform for big scores though both sides were keen to find out about the dew factor. With the winter season approaching, the curator Mohan Singh says dew could be a factor except that it has been unpredictable so far.

"The pitch will have even bounce and carry intially, but a low bounce could come into the play in the second innings if there is heavy dew," said Singh, who has been in charge of the playing square for four years. Despite his experience he cannot predict the weather today. "Three days ago there was heavy dew but yesterday there was hardly any." Considering that there is a bit of a breeze in the evening, the safest decision would be to bat first in the afternoon heat and hope that some early swing later and dew make it difficult for the opposition.

The turn of the coin over the three matches here could well put one side in the winning direction. Game on. kshyam@thenational.ae Live on Ten Sports, 3pm.

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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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