WASHINGTON // The renowned British writer and polemicist Christopher Hitchens, whose targets ranged from God and Mother Teresa to Henry Kissinger, has died after an 18-month battle against cancer. He was 62.
Hitchens started his career in London but moved to the United States in 1981, enjoying great success on account of his elegant prose and outspoken views accompanied by a swaggering demeanour.
Vanity Fair, for whom Hitchens worked for the past 19 years, said the writer died on Thursday from pneumonia, a complication of his cancer of the esophagus, at the MD Anderson Cancer Center in Houston, Texas, with friends at his side.
In an online announcement, the magazine described him as an "incomparable critic, masterful rhetorician, fiery wit, and fearless bon vivant."
"At the end, Hitchens was more engaged, relentless, hilarious, observant, and intelligent than just about everyone else, just as he had been for the last four decades," it said.
"May his 62 years of living, well, so livingly console the many of us who will miss him dearly."
Hitchens, who had lived in Washington since 1982, was diagnosed in June 2010 and later underwent chemotherapy.
He learned of his illness soon after publishing "Hitch-22," a memoir which documented a prolific career in which he became notorious for heavy smoking and drinking while at the same time producing countless articles and books.
Cancer robbed Hitchens of his voice and hair but he continued to document his declining health in his Vanity Fair column.
"My chief consolation in this year of living dyingly has been the presence of friends," he wrote in the June 2011 issue.
Salman Rushdie, whom Hitchens supported when Iran's supreme leader Ayatollah Khomeini pronounced a death sentence on Rushdie for allegedly insulting Islam with his novel "The Satanic Verses," paid tribute on Twitter.
"Goodbye, my beloved friend. A great voice falls silent. A great heart stops. Christopher Hitchens, April 13, 1949-December 15, 2011," he wrote.
Graydon Carter, who signed Hitchens up after taking over as editor of Vanity Fair in 1992, said Hitchens was "a man of insatiable appetites -- for cigarettes, for scotch, for great writing, and above all, for conversation."
"You'd be hard-pressed to find a writer who could match the volume of exquisitely crafted columns, essays, articles, and books he produced over the past four decades," Carter wrote in an online tribute.
Britain's deputy prime minister Nick Clegg, who once worked for Hitchens as an intern, said the writer was "everything a great essayist should be: infuriating, brilliant, highly provocative and yet intensely serious."
"He will be massively missed by everyone who values strong opinions and great writing," Clegg added.
But in a reminder that Hitchens, an avowed atheist, offended possibly as many people as he attracted praise from, India's Missionaries of Charity order, said it would pray for his soul despite his aggressive stance against its Nobel prize-winning founder, Mother Teresa.
In a 1995 book "The Missionary Position" and a 1994 documentary called "Hell's Angel", Hitchens accused Mother Teresa of being a political opportunist who struck friendships with dictators and corrupt financiers in exchange for donations. He also said the nun had contributed to the misery of the poor with her strident opposition to contraception and abortion.
In the past 12 months Hitchens, who studied at Oxford, had written about troubled US-Pakistani relations in the wake of Osama bin Laden's death, and on the future of democracy in Egypt following the Arab Spring uprisings.
In the course of a career in which he wrote 25 books -- including works on Thomas Jefferson and George Orwell -- he clashed frequently with those whom he attacked.
In "The Trial of Henry Kissinger," he branded president Richard Nixon's foreign policy chief a war criminal for what he said were murderous policies in Vietnam, Chile and Bangladesh.
Hitchens also lambasted president Bill Clinton in a book entitled "No one Left To Lie To: The Values of The Worst Family," and pursued his case against religion in "God Is Not Great," in 2007.
Although he ended his life on the political right-wing, he started out on the left, working for the International Socialist magazine and later the New Statesman, where he fiercely opposed the Vietnam War.
But after the September 11 attacks in the United States a decade ago he embraced an interventionist foreign policy and supported the Iraq War, having denounced what he called "fascism with an Islamic face."
He leaves a wife, the American writer Carol Blue, and three children, two of whom are from an earlier marriage.
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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.”