Rickie Fowler, right, alongside friend and rival Rory McIlroy at the 2015 Abu Dhabi HSBC Golf Championships. Fowler believes McIlroy deserves to be favourite for The Masters but is confident in his own chances. Andrew Redington / Getty
Rickie Fowler, right, alongside friend and rival Rory McIlroy at the 2015 Abu Dhabi HSBC Golf Championships. Fowler believes McIlroy deserves to be favourite for The Masters but is confident in his owShow more

Rickie Fowler happy to go unnoticed at The Masters in a bid to secure his first major



Rickie Fowler is flying under the radar in the build-up to the 79th Masters and it bothers him not in the least.

Long touted as the best US player to emerge since Tiger Woods, the Californian, 26, had a superb 2014 with top-five finishes in the four majors — just the third man to achieve that feat after Jack Nicklaus and Woods.

But he ended the year still without a major title win and like many before him, the question marks over his ability to close out the big wins are starting to be raised.

On top of that, Fowler, by his own admission, has had a poor season so far with just one top-10 finish in seven tournaments, hence the lack of backing for him to finally win a major later this week.

“That’s fine with me,” he said of his lack of support.

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“I haven’t played particularly well to start out the year. I haven’t had the performance that I would have liked. I haven’t had very good finishes.

“But I’m excited for this week. Doesn’t matter what the odds are or favourites or anything like that.

“A couple more practice sessions, maybe go play nine in the morning, and I’ll be ready to go.

“I don’t care if I’m a favourite or not or if the odds are with me or against me. I’m going to go out there and try to win myself a major.”

One of the main obstacles standing in his way will once again be close friend Rory McIlroy. It was the Northern Irishman who denied Fowler in the last two majors, the British Open and the PGA Championship, and who then handed him a 5 and 4 drubbing in the final-day singles at the Ryder Cup.

And McIlroy will start the tournament as a strong favourite to make it three major wins in a row.

“He’s obviously the best player in the world for a reason,” Fowler said.

“I know he struggled a bit for a year or so. But the year he put together last year, winning two, it’s tough to do.

“I was in a position where I had a chance in a couple, but they are hard to win.

“He’s obviously playing well and he has shown that he can play well here at Augusta, and I know he’s just as ready as anyone else to go out and play well this week.

“He’s going to be tough to beat if he’s on top of his game. But I don’t think no one is going to lay down by any means.”

Fowler will play alongside Jason Day and Sergio Garcia in a final grouping today that looks sure to draw a big crowd.

“Really looking forward to the pairing ... see if we can get some momentum going,” he said.

“I know the three of us can play well around here. It’s fun to be able to feed off each other and play with guys that you like.”

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- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars

- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes

- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts

Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

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Their favourite city: Dubai

Their favourite food: Khaleeji

Their favourite past-time : walking on the beach

Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll

UAE currency: the story behind the money in your pockets

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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Jordan cabinet changes

In

  • Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
  • Dr Bassam Samir Al Talhouni, Minister of Justice
  • Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
  • Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
  • Falah Abdalla Al Ammoush, Minister of Public Works and Housing
  • Basma Moussa Ishakat, Minister of Social Development
  • Dr Ghazi Monawar Al Zein, Minister of Health
  • Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
  • Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth

Out

  • Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
  • Hala Noaman “Basiso Lattouf”, Minister of Social Development
  • Dr Mahmud Yassin Al Sheyab, Minister of Health
  • Yahya Moussa Kasbi, Minister of Public Works and Housing
  • Nayef Hamidi Al Fayez, Minister of Environment
  • Majd Mohamed Shoueika, Minister of Public Sector Development
  • Khalid Moussa Al Huneifat, Minister of Agriculture
  • Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
  • Mounir Moussa Ouwais, Minister of Water and Agriculture
  • Dr Azmi Mahmud Mohafaza, Minister of Education
  • Mokarram Mustafa Al Kaysi, Minister of Youth
  • Basma Mohamed Al Nousour, Minister of Culture
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