Duckworth flays Collingwood for criticism



Frank Duckworth, the co-creator of the Duckworth-Lewis (D/L) method for settling rain-affected matches, has leapt to its defence after it came under fire from England captain Paul Collingwood. But he said the International Cricket Council (ICC) needs to look at the minimum length of an innings required to constitute a Twenty20 match. Collingwood was left fuming after England suffered an eight-wicket loss to the West Indies in the visitors' tournament opener here on Monday, despite scoring 191 - a challenging Twenty20 total. Rain left the West Indies with a target of 60 from six overs but came back early when Ireland were chasing down England's low score of 120 yesterday. Only 3.3 overs were possible allowing England to split points with Ireland and sneak in to the Super Eights without a win to their credit. At present, five overs of the second innings of a Twenty20 international must be played in order for a winner to be declared. and Duckworth told The Wisden Cricketer: "The ICC ought to look into whether five overs for a valid match is appropriate because you can get this apparent distortion." Collingwood, who saw England bow out of last year's World Twenty20 to the West Indies in similar fashion at the Oval, said after Monday's match: "I don't know what equation you should have but you shouldn't have that one. "We've played a near perfect game but we've lost." Despite playing a not-so-perfect game last night, he admitted that rain helped but tried to defend the low score by saying: "I guess the rain's come around today at a time that's got us through to the next stage. "We were pretty confident once we got up to 120. I think it was a 130 wicket and you'd have been really happy with that; 140 and you'd have been really confident of protecting that score. "It could have got quite close today. There was certainly a bit of turn out there and it was seaming around as well and a lot different to the wicket we played on the other day." But Duckworth, who devised the system with fellow statistician Tony Lewis, countered by saying: "While Paul Collingwood may have been angry at Messrs Duckworth and Lewis, he might have been angry at (England bowlers) Messrs (Tim) Bresnan, (Graeme) Swann and co who added to the four wides that they bowled before the rain by adding four more wides. So, the West Indies target wasn't just 60, it was effectively 52." Duckworth, speaking before the England-Ireland match, said it was only England who had complained about the use of the D/L method in Twenty20. "Since Twenty20 came into the world in 2002, there have been about 70 cases of T20 with a D/L revised target or result. "And there's only been two moments of dissent, both by Paul Collingwood or ECB (England and Wales Cricket Board) people, both following England not doing very well against the West Indies. "The other 68 matches - like the one that occurred earlier (on Monday, between Sri Lanka and Zimbabwe), nobody queried that and in fact the result went the other way. The side batting first (Sri Lanka) won." The Ireland captain, William Porterfield, who was denied the prized chance to advance ahead in the competition, felt 120 was a vulnerable target but took the disappointment in his stride. "If the rain hadn't come we were pretty confident chasing down 120 that we could knock it off. But it's just one of those things," Porterfield said. "The attitude we took out into the field there was brilliant. "We just want to get into Super Eights and beat the big teams in there. We came with our sights set on that, and showed glimpses in our performance that we could do that." Duckworth and Lewis updated their system in October after examining data that Duckworth insisted proved the method did not require wholesale revision for Twenty20 matches. "As a result of that analysis we did decide that a few changes were needed but these were only slight adjustments to the parameter of the formula. "The important thing that we did discover was that the scoring patterns in Twenty20 fit in perfectly with our original formula derived largely from 50-over games." Meanwhile, many fans were critical of the decision to stage matches in Guyana during the 'rainy season' and voiced their displeasure on the ICC. However, it was the West Indies Cricket Board, based on applications from its member countries, who selected the venues for the World Twenty20 and not the ICC. * Agencies

NO OTHER LAND

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Rating: 3.5/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

RESULTS

Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.

Women’s bantamweight
Corinne Laframboise (CAN) beat Cornelia Holm (SWE) by unanimous decision.

Welterweight
Omar Hussein (PAL) beat Vitalii Stoian (UKR) by unanimous decision.

Welterweight
Josh Togo (LEB) beat Ali Dyusenov (UZB) by unanimous decision.

Flyweight
Isaac Pimentel (BRA) beat Delfin Nawen (PHI) TKO round-3.

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) beat Emad Hanbali (SYR) KO round 1.

Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.

Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.

Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.

Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.

Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.

Racecard

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6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m

6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m

7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m

7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m

8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m

8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m

10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m

Museum of the Future in numbers
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COMPANY PROFILE
Name: Kumulus Water
 
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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.”