Pacazo: an extraordinary mess



Roy Kesey's debut novel, Pacazo, begins engagingly enough. The narrator, John Segovia, is set up as a latter-day conquistador: meaning, like many expatriates before him, he teaches English as a foreign language.

Segovia is an American with congenital visa problems living in Piura, Peru. He is overweight, overeducated, and the doting father of a baby girl, Mariangel. More importantly, his beloved Peruvian wife, Pilar, has been brutally raped and murdered. The crime unsolved, Segovia has unravelled. It's our task to keep up with him, a task that can prove wearying.

The pacazo of the title is a type of very large iguana, one that happens to live in the trees that surround the university Segovia teaches at. The pacazo defecates on English instructors below and, apparently, subsists on foxes the size of house cats. It crunches their skulls. Further, on the first page of the novel, Segovia posits that the pacazo is also something of a "petty, bitter, local god who hates fat pillaging strangers". The question unanswered for the remaining 500 pages is whether the pacazo could possibly hate the fat, pillaging narrator more than the said narrator hates himself.

Pacazo is one of the more extraordinary messes of a novel I've read in recent years. Make no mistake: Kesey is a remarkable and serious writer. Stylistically, he sometimes approaches the same category as Don DeLillo or Cormac McCarthy; he is very clearly a poet, and conspicuously original. However, one gets the sense that he doesn't yet have his talent under tight enough control.

Segovia's story, for all its salient detail, is the most maddening aspect of the novel. It shouldn't be - it is partly a murder mystery, after all - but the story is overwhelmed by its own telling, and sometimes it feels as if Kesey had to inject a narrative in order to justify his historical obsessions and linguistic backflips.

Segovia spends his days teaching English, and his nights and weekends on the edge of violence, hunting down the taxi driver he last saw his wife with, the man he supposes to have killed her. He descends into a highly literate madness, his present sharpening "its knife on the whetstone of the past", leading our latter-day conquistador to grave-robbing and, finally, much worse. But he has friends, a lovingly sketched out and eccentric bunch, and, in the end, he stumbles upon the kind of hope and resolution that a new love can bring.

But there is simply something too affected and written about the narrator. Memories and tenses change mid-sentence, from walking down a street looking at taxis to expounding on Latin American history.

History is weaved into the fabric of the narrative and is, at first, a fascinating and understandable facet of the character's psychological arsenal, a coping mechanism for someone who has experienced the unthinkable, but the historic digressions quickly become stultifying hard to follow without a pre-knowledge of the region's history or easy access to Wikipedia. It is difficult to know whether to blame the character or the author for this narrative tic.

At one point Segovia views paintings and sketches "so beautiful that [his] stomach starts to ache". I'm all for the limitlessness of experience, both internal and external, and of anything being possible in fiction, but in this novel such things feel undigested and unearned. Let's face it, do people really get stomachaches caused by beautiful art? Maybe, but Kesey hasn't convinced me; and, unreliable narrator or not, it makes you question the reality of the story being told, rudely pushing you out of it.

Importantly, strangely, Pacazo ended up being one the best travel books I've ever read. Taken as travel writing, the novel is tremendous. Frankly, my copy is scarred with underlines, and not-so-occasional "wows", almost all of which have to do with the hilarious, moving and gorgeous way Kesey evokes place and culture.

His exploration of the expatriate life is pitch-perfect and is easily recognisable to anyone who has ever lived far from home, immersed in another culture or language. Visiting a hairdresser, Segovia is attacked by a bee. Confusing the Spanish word for bee, he says, "I told them that everything was fine, that there had been a sheep caught in my beard, but it hadn't stung me. They began to laugh. I told them the truth: that it had been a very large sheep."

Or what expat hasn't come across this sort of hard-won, infuriating wisdom? "A Peruvian who pauses before saying Yes is in fact saying No. This took me two years to learn, was a source of much frustration, but does no harm once everyone involved knows the code."

In fact, some of the prose has the feel and lovely degradations you get with language seepage, and though the book is entirely in English, it is a given that most of the time John is speaking Spanish with his friends. For example, "Vigils end when dawn is unambiguous," the first line from part two, is both rather lovely and also reminds one of the unexpectedly potent results you sometimes get when a second language begins to possess your first. Pacazo is permeated with this sense of linguistic possibility.

Culturally, Kesey - for it does start to seem more like the author than his ascribed narrator, John Segovia - brings Peru and Latin America to life through humour and muted, exacting wonder. Piura is a place where most of the newspapers "devote themselves to sports and extraterrestrials and nearly naked women", and residents take photographs in the cinema whenever there is a flash of nudity on the screen. (A cinema, itself, full of bats, mosquitoes and fleas. Insects in improbable places feature rather prominently in Pacazo.) It is also a place where one might purchase a llama foetus to cure cancer, German cultists await the end of the world, dead cockroaches are removed from babies' noses, and television has "the least funny comedians of any time or place".

Late in the novel, Segovia replies to a character who asks how he doesn't believe in God, with this: "Biologically each of us is pointless. And we cannot bear being pointless. So we create a point by placing ourselves in stories that grow ever longer."

Roy Kesey's ambitious and infuriating Pacazo is a story that grew too long and, in doing so, may have missed the point entirely. By the end you feel as if you've been on a journey, just not exactly John Segovia's. It's hard to wholeheartedly recommend it as a novel, but as an example of contemporary travel writing, I can think of few better, more eccentric examples.

Tod Wodicka is the author of the novel, All Shall Be Well; And All Shall Be Well; And All Manner of Things Shall Be Well. He lives in Berlin where he is at work on his second novel, The Household Spirit.

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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