Anderson wreaks havoc at St George's Park



James Anderson wrecked South Africa's batting order with a career-best performance as England won the fourth One-Day International by seven wickets at St George's Park on Sunday. The fast bowler took five wickets for 23 as South Africa were bowled out for 119, their lowest total in a one-day game in their own country. "Jimmy Anderson was outstanding in the way he created pressure but then bowled wicket-taking deliveries as well," said England captain Andrew Strauss.

Jonathan Trott and Strauss put on 74 for England's first wicket. The tourists suffered a wobble when three wickets fell for nine runs but cruised to victory with 18.4 overs to spare. Trott finished with 52 not out. It was a remarkable turnaround for England, who conceded 354 runs when they lost the third international by 112 runs in Cape Town two days earlier. The win gave England an unbeatable 2-1 lead in the series. The final match will be played in Durban on Friday.

South African captain Graeme Smith was dismissed by Stuart Broad off the eighth ball of the match and his side were unable to recover. Smith gambled by batting first in overcast conditions on a pitch with slightly more grass than usual and the early loss of their leading batsman exposed a lengthy tail. "It was probably a good toss to lose," admitted Strauss. "But I was very pleased with the way the bowlers adapted to those conditions. We were very accurate today."

Strauss said that after Friday's heavy defeat the team had "a good chat". He said: "We wanted to clarify our plans against their batsmen, which we got pretty much spot on." Anderson bowled superbly in two spells and benefited from bold captaincy by Strauss. After a first spell of 2-17 in six overs, Strauss brought back his strike bowler in the 21st over to press home his side's advantage. Anderson responded by taking three more wickets and completed his stint by the end of the 27th over. By then, South Africa had lost seven wickets for 85 runs.

Tim Bresnan provided excellent support for Anderson, taking one for 15 in an unbroken spell of eight overs. He took the key wicket of AB de Villiers, who made a century in Cape Town and was looking in good form until he was leg before to Bresnan for 22. Alviro Petersen, the least experienced of the South African top order, was the only batsman to shine, making 51 off 79 balls before he was the last man out. It was Petersen's third successive half-century in the series.

"We didn't assess conditions well enough this morning," said Smith. "If we had got 220 or 240 it would have been a really good target to defend. It was a disappointing performance." * AFP

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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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  • Premier League-standard football pitch
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A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Brief scores:

Toss: Northern Warriors, elected to field first

Bengal Tigers 130-1 (10 ov)

Roy 60 not out, Rutherford 47 not out

Northern Warriors 94-7 (10 ov)

Simmons 44; Yamin 4-4

MATCH INFO

Osasuna 1 Real Madrid 4
Osasuna: García (14')
Real Madrid: Isco (33'), Ramos (38'), Vázquez (84'), Jovic (90' 2)