PSG's Javier Pastore, center, celebrates with teammate after scoring, as Troyes' goalkeeper Matthieu Dreyer, right, reacts during their Ligue 1 match in Troyes, France, Sunday, March 13, 2016. (AP Photo/Thibault Camus)
PSG's Javier Pastore, center, celebrates with teammate after scoring, as Troyes' goalkeeper Matthieu Dreyer, right, reacts during their Ligue 1 match in Troyes, France, Sunday, March 13, 2016. (AP PhoShow more

Four-star Zlatan Ibrahimovic leads PSG to Ligue 1 crown in record fashion



Troyes 0 Paris Saint-Germain 9

PSG Cavani 13', 75', Pastore 17', Rabiot 19', Ibrahimovic 46', 52', 55', 88', Saunier 58' (og)

Along with the satisfaction of reaching the Uefa Champions League quarter-finals last midweek, Paris Saint-Germain may also have felt considerable relief at prolonging their European adventure.

After all, a failure to make it four consecutive appearances in the last eight of Europe’s elite club competition would have made for a rather anti-climactic end to the season.

PSG celebrated winning a fourth successive French Ligue 1 title on Sunday, their sixth overall, with a 9-0 victory at bottom side Troyes.

Laurent Blanc’s team are the earliest champions in the history of the French game, with eight matches and two months of the season remaining.

“We have been top right from the start. I don’t know if we’ll ever manage to repeat such a performance,” said Blanc this weekend.

Paris will now hope to go and complete a clean sweep of the domestic trophies for the second year running, with a French Cup semi-final at Lorient and the League Cup final against Lille to come in April.

That is certainly not to be sniffed at, but they measure themselves now against the continent’s best in the Champions League, and there will be no euphoria at winning a league in which their domination has become abysmal.

Before a 2-1 defeat at Lyon two weeks ago, they had gone a record 36 Ligue 1 games unbeaten since March 2015, and despite that solitary loss, PSG are on course to break their own record for the highest points total in France’s top flight.

Diego Forlan comment: How total domination, whether of the PSG or Bayern Munich variety, is bad for football

These are heady times to be a supporter of the French capital’s only top-flight side, and yet even they seem to regret the fact their team’s superiority is so emphatic.

A quick glance at the French league’s official attendance records suggests that PSG are the country’s best supported team, with average crowds of over 46,000 selling out the Parc des Princes.

The reality, though, is somewhat different. Many season ticket holders only turn up for the biggest games, leaving thousands of empty seats and little of the once raucous atmosphere the rest of the time.

That contrasts with the way things used to be, even in the last decade when PSG plunged the depths of mediocrity.

Players and officials alike have expressed frustration at a support who often only make themselves heard to whistle their team on the rare occasions when they are not winning, or not winning well enough.

“Sometimes the crowd at the Parc can be too calm, and some of the whistles...I don’t understand them,” Paris president Nasser al-Khelaifi told Le Figaro in December.

Blanc’s side deserve better, but there is not much they can do when opposition teams occasionally rest key players in Paris, accepting defeat before the game has begun.

PSG are not playing in the same league as the rest of France, such a monster have they become since the Qatari takeover of 2011.

Talisman Zlatan Ibrahimovic, in possibly his last season in France, has again gone past the 30-goal mark, while the arrival of Angel Di Maria and emergence of Lucas Moura have helped take PSG to another level at times.

But the rest of the continent looks down on the lack of competition in Ligue 1 and an appearance in the semi-finals of the Champions League for the first time since 1995 is necessary for PSG to be fully respected abroad.

However, Paris have been quick to stress that their domestic dominance is not all their fault, with the failings of their potential rivals also to blame.

Monaco did not take long to give up on competing with Paris and switch their focus to bringing through young talent to sell on for profit.

They have fewer points at this stage than any second-placed team since Lens in 2007, while Lyon and Marseille have had their own problems, allowing PSG to turn Ligue 1 into one of the most one-sided leagues in Europe.

“We have done our job. Our rivals have not done what they needed to do against the other teams in order to keep up,” Blanc said.

It may be some time yet before anyone else comes close to taking their crown away from them.

Recent French Leagie 1 champions

2015-16: Paris Saint-Germain

2014-15: Paris Saint-Germain

2013-14: Paris Saint-Germain

2012-13: Paris Saint-Germain

2011-12: Montpellier

2010-11: Lille

2009-10: Marseille

2008-09: Bordeaux

2007-08: Lyon

2006-07: Lyon

2005-06: Lyon

2004-05: Lyon

2003-04: Lyon

2002-03: Lyon

2001-02: Lyon

2000-01: Nantes

1999-00: Monaco

1998-99: Bordeaux

1997-98: Lens

1996-97: Monaco

Most overall titles

Saint-Etienne: 10 (1957, 1964, 1967, 1968, 1969, 1970, 1974, 1975, 1976, 1981)

Marseille: 9 (1937, 1948, 1971, 1972, 1989, 1990, 1991, 1992, 2010)

Nantes: 8 (1965, 1966, 1973, 1977, 1980, 1983, 1995, 2001)

Monaco: 7 (1961, 1963, 1978, 1982, 1988, 1997, 2000)

Lyon: 7 (2002, 2003, 2004, 2005, 2006, 2007, 2008)

Reims: 6 (1949, 1953, 1955, 1958, 1960, 1962)

Bordeaux: 6 (1950, 1984, 1985, 1987, 1999, 2009)

Paris Saint-Germain: 6 (1986, 1994, 2013, 2014, 2015, 2016)

Nice: 4 (1951, 1952, 1956, 1959)

Lille: 3 (1946, 1954, 2011)

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The End of Loneliness
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Australia: Steve Smith (captain), David Warner, Ashton Agar, Hilton Cartwright, Pat Cummins, Peter Handscomb, Matthew Wade, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Matt Renshaw, Mitchell Swepson and Jackson Bird.

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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