American Ben Askren celebrates after defeating Japan’s Nobutatsu Suzuki to take the welterweight world title at the One Fighting Championship. Antonie Robertson / The National
American Ben Askren celebrates after defeating Japan’s Nobutatsu Suzuki to take the welterweight world title at the One Fighting Championship. Antonie Robertson / The National

Filipina Julaton goes down fighting before Dubai crowd



DUBAI // It might have started in unexpectedly downbeat fashion, but One Fighting Championship’s “Reign of Champions” ended in drama, and two new world champions.

Ana Julaton’s appearance in Dubai had been much-anticipated by the city’s huge Filipino community, but Sheikh Rashid Hall at Dubai World Centre was still half empty when she made her way into the cage for the first fight of the evening against Ann Osman.

In the opening seconds, Julaton took the fight to her opponent, but Osman was soon on top, ensuring the fight was fought on the canvas, where her grappling skills came to the fore.

There may not have been as many Julaton fans as anticipated, but those that beat the late-afternoon traffic urged her on. “Ana, Ana, Ana” rang over the continuous chants of Julaton’s instructor on the sideline.

Osman remained in control for most of the fight, which was fought almost entirely on the deck. It went to a third and final round, which went the same way as the first two.

At the final bell, there was no clear winner. To the disappointment of the crowd, the split decision went Osman’s way, but it was a deserved win.

After Dejdamrong Sor Amnuaysirichoke of Thailand had dispatched Malaysia’s Ali Yaakub in the first round of a flyweight contest, it was time for another crowd favourite.

Dubai-based Syrian Mohamad Walid entered the arena clad in Emirati national dress, to the applause of the spectators.

He did not disappoint, either, defeating Filipino opponent Vaughn Donayre, another who fights out of Dubai, in just over a minute of the first round of their catchweight fight.

He celebrated by climbing the walls of the cage, pumping his fist at the crowd, before thanking his coach, father and, in Arabic, conveying his gratitude to Sheikh Khalifa, President of the UAE, and the rest of Dubai’s leadership for the continued support for martial arts.

By then, the 5,000-seat arena was full. After a break in which the rest of the fighters on the card were introduced, Brazilian jiu-jitsu world champion Herbert Burns of Evolve Fight Team took on Hiroshige Tanaka of Japan in a featherweight fight that went the distance.

At the final bell, Burns punched the air and the two fighters embraced, and it was the Brazilian who won a unanimous decision.

Another Brazilian, Cristiano Kaminish, knelt in prayer before his light-heavyweight bout with James McSweeney, a five-time world Muay Thai champion. His prayers were not answered as the man from the UK knocked his opponent out with a devastating right hand less than halfway through the first round.

In the sixth fight of the night, Christian Holley did not fare as well his fellow Briton, with the veteran American Roger Huerta winning in 3 minutes, 13 seconds in the first round of their lightweight match-up.

In the first of the day’s co-main events, Narantungalag Jadambaa of Mongolia took on One FC featherweight world champion Koji Oishi of Japan.

There was little action in the first two rounds as the fighters danced around the cage with little of the punches connecting.

There were slow handclaps and even a few boos. By Round 4, however, Oishi’s left eye was swollen shut, and Jadambaa looked to be heading for a narrow win.

After five rounds of attrition, the judges decided unanimously in favour of the Mongolian.

One FC had its first new champion of the night. The second co-main event promised a second.

The confident American Ben Askren predicted he would strip Japanese One FC welterweight world champion Nobutatsu Suzuki of his belt.

He was true to his word, landing a brutal barrage of punches that left the referee with no option but to call a stoppage just over a minute into the fight. Askren screamed in triumph.

It was time for the main event of the evening, lightweight world champion Shinya Aoki of Japan against Kamal Shalorus of Iran.

This time there would be no handing over of the belt after Shalorus submitted halfway through the first round.

The night ended with Aoki gracefully accepting the crowd’s applause.

One FC will be hoping their Dubai debut is just the first of many to come.

akhaled@thenational.ae

Follow us on Twitter at @SprtNationalUAE

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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