NEW YORK // In a long-ball derby, Tigers manager Jim Leyland preferred Brennan Boesch's simple sacrifice fly as the hit of the game.
Boesch's run-scoring flyball was just one of four RBIs for the designated hitter on a four-hit day, and Miguel Cabrera hit two home runs as Detroit outslugged the New York Yankees 10-7 Sunday for their first win of the season.
"I thought that was a great at-bat. Two strikes, hit the ball the other way," Leyland said of the fly to left in the sixth inning that made the score 9-6.
Batting in the No 3 spot in place of Magglio Ordonez, who was out because his surgically repaired ankle was sore, Boesch had a homer among his career high-tying four hits and scored four runs as the Tigers rebounded from a 10-6 loss on Saturday.
Jorge Posada smashed a pair of two-run homers, Mark Teixeira connected for the third straight game and Robinson Cano hit his first of the season for New York, who were trying for their first 3-0 start since 2003. The teams combined for seven home runs - five to right field - on a day the flags above the lights were blowing out toward right.
"You can't sleep with these guys," Cabrera said. "We score runs, they score runs back so you got to play perfect with these guys."
Max Scherzer outlasted Phil Hughes (0-1) in a matchup of young stars with neither getting a perfect inning in their season debuts. Scherzer (1-0) gave up six runs and nine hits in five innings - after allowing 20 earned runs in 17 1-3 innings this spring. The first of only two 1-2-3 innings didn't come until Detroit reliever Phil Coke retired three in a row in the sixth.
Jose Valverde pitched the ninth and retired Posada with a popup to center with a runner on for his first save.
Cabrera kicked off a game of long-ball derby in the first by lining a 1-2 pitch from Hughes over a section of seats and into the bleachers in left field for a 2-0 lead. He hit a drive a little farther in the third inning for his 19th career multihomer game. Cabrera's previous multihomer game came at Yankee Stadium last August 18.
"I felt good," Cabrera said. "With the wind they felt better."
Cabrera enjoys facing the Yankees. He had at least one hit in all three games in this series and has hit safely in 25 of 26 games against New York.
Hughes tied for the major league lead for homers allowed at home last year with 20.
Ahead of Cabrera's second homer, Boesch lined an RBI single after Austin Jackson led off the inning with a walk and stolen base.
But Scherzer couldn't keep the ball in the park in the bottom half. Teixeria and Robinson Cano connected around a strike out for Alex Rodriguez. Don Kelly leaped at the wall in the short right field both times but came up empty, and the Yankees pulled to 5-4.
"It's what it is, there's nothing I can do," Scherzer said about Cano's homer that just cleared the fence near the 314-foot sign. "Even though it's not the best outing, it still feels pretty good."
Posada had made it 2-all in the second with a drive into the second-deck in right field for his first homer in his new role as the Yankees' full-time designated hitter. He connected for another two-run shot in the fifth pull New York to 7-6.
Bartolo Colon relieved Hughes after the fourth for his first appearance in the big leagues since July 24, 2009, with the Chicago White Sox against Detroit. A surprise success story in spring training, Colon won the long reliever role in the Yankees' bullpen.
He gave up a hit to his first batter, Ramon Santiago. Boesch followed with the fourth homer of the day to right for a 7-4 lead.
Colon gave up a run-scoring single to Santiago and a sacrifice fly to Boesch in the sixth before finishing off the Yankees' first 1-2-3 inning in the seventh.
Nick Swisher had an RBI double off the wall in right-center in the bottom half off Coke to make it 9-7.
The Yankees have high expectations for Hughes, their latest homegrown All-Star. After going 18-8 last season, he's moved up from the No 5 spot in the rotation to third and he was given retired Andy Pettitte's old locker in the New York clubhouse.
But Hughes allowed five runs and five hits in four innings. He threw 90 pitches. "Two bad pitches, Cabrera, four runs," Hughes said. "Just bad location overall."
RESULTS (home team in CAPS)
Detroit 10 NY YANKEES 7
CLEVELAND 7 Chicago White Sox 1
Minnesota 4 TORONTO 3
NY Mets 9 FLORIDA 2
CINCINNATI 12 Milwaukee 3
Atlanta 11 WASHINGTON 2
PHILADELPHIA 7 Houston 3
Baltimore 5 TAMPA BAY 1
TEXAS 5 Boston 1
KANSAS CITY 12 LA Angels 9 (13 innings)
ST. LOUIS 2 San Diego 0
Pittsburgh 5 CHICAGO CUBS 4
COLORADO Arizona (postponed)
OAKLAND 7 Seattle 1
LA DODGERS 7 San Francisco 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.”
The specs: 2018 Audi R8 V10 RWS
Price: base / as tested: From Dh632,225
Engine: 5.2-litre V10
Gearbox: Seven-speed automatic
Power: 540hp @ 8,250rpm
Torque: 540Nm @ 6,500rpm
Fuel economy, combined: 12.4L / 100km
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
COMPANY%20PROFILE
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Premier League results
Saturday
Crystal Palace 1 Brighton & Hove Albion 2
Cardiff City 2 West Ham United 0
Huddersfield Town 0 Bournemouth 2
Leicester City 3 Fulham 1
Newcastle United 3 Everton 2
Southampton 2 Tottenham Hotspur 1
Manchester City 3 Watford 1
Sunday
Liverpool 4 Burnley 2
Chelsea 1 Wolverhampton Wanderers 1
Arsenal 2 Manchester United 0
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
The biog
Name: Dhabia Khalifa AlQubaisi
Age: 23
How she spends spare time: Playing with cats at the clinic and feeding them
Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need
Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman
Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs
Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing
