England batsman Moeen Ali acknowledges the applause after his century against Scotland at the 2015 Cricket World Cup on Monday. William West / AFP / February 23, 2015
England batsman Moeen Ali acknowledges the applause after his century against Scotland at the 2015 Cricket World Cup on Monday. William West / AFP / February 23, 2015

Moeen Ali puts on masterclass to get England back on Cricket World Cup footing



Moeen Ali's second one-day international century helped England get off the mark at the 2015 Cricket World Cup with a comfortable 119-run win over Scotland in Christchurch on Monday.

Moeen ensured any jitters following Friday’s Wellington humiliation against New Zealand were quickly eased as he cracked 128 from 107 balls and shared in a record opening stand of 172 with Ian Bell.

From there England were always in control of the potential banana-skin contest, even though they did not fully exploit the foundation laid by the openers in reaching 303 for 8.

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It was a target that proved beyond Scotland, still searching for a first World Cup win in their third visit to the tournament, as they were bowled out for 184 in 42.2 overs.

Steven Finn bounced back from his Brendon McCullum mauling – when his two overs against New Zealand cost 49 – by taking 3 for 26 while Moeen followed his century with figures of 2 for 47.

Kyle Coetzer top-scored with 71 for Scotland after Josh Davey took 4 for 68.

Thumping back-to-back defeats against co-hosts Australia and New Zealand had left England with little room for error in their remaining pool games but they will now head back to Wellington, for their clash with Sri Lanka next Sunday, with the first part of a recovery mission to reach the quarter-finals complete.

Eoin Morgan will also feel as though he has started to put his horror run of outs behind him after hitting 46 from 42 balls.

The captain had initially taken 10 balls to get off the mark as England lost direction around the batting powerplay, losing three for two at one stage, but found enough fluency to drag his team beyond a score of 300.

That had appeared the minimum standard when Moeen and Bell coasted to the England record opening partnership at a World Cup – beating the previous mark of 158 set by Dennis Amiss and Barry Wood in 1975.

Further records appeared ready to tumble as Moeen took on the aggressor’s role and fittingly brought up his century, from 91 balls, when he clubbed his fourth six off spinner Majid Haq.

Bell had crept to his half-century only moments earlier, using only 11 balls less than Moeen needed for his ton, but with the scoreboard ticking over the “clinical” performance the right-hander demanded on the eve of the match was being demonstrated.

But Moeen’s exit in the 35th over prompted a stall as only Morgan, and Jos Buttler with a quickfire 24, were able to strike the ball with the same assurance as their left-handed opener.

It hardly mattered in terms of the result as England’s bowlers ensured Scotland never threatened to pull off an unlikely chase.

Coetzer ensured England were kept honest, but when he and captain Preston Mommsen fell in successive overs, after a 60-run partnership for the fourth wicket, Scotland’s faint hopes were extinguished.

Moeen was the bowler to remove Coetzer, who was out of favour at Northamptonshire at the end of the summer, when he lofted straight to Chris Woakes.

Finn then induced a couple of edges, from Matthew Cross and Davey, before Woakes finished matter when Haq top-edged a pull to Gary Ballance at fine-leg.

England had stuck with the same XI that were crushed by New Zealand as those involved were given the chance at redemption.

Scotland captain Mommsen sent England in on a cloudy morning and with their skittling for 123 in Wellington fresh in the memory.

Moeen survived an early chance on seven, when Freddie Coleman was late on getting down to a chance at cover, but from then on the England openers were hardly troubled.

Moeen responded to his reprieve by thumping Josh Davey for six later in the over and he welcomed Haq into the attack with another towering blow en-route to a 39-ball half-century.

Bell was setting himself to bat through the innings – after England were bowled out in their opening two games of the tournament – and it was a shock when he picked out short cover on 54 when Richie Berrington returned to the attack.

Moeen continued the clatter along, passing his previous ODI best of 119, before he lofted Haq to Coleman on the mid-wicket rope.

It set off the mini-collapse of three wickets in as many overs.

Ballance chopped on from the first ball of the fielding restrictions and Joe Root quickly followed as he nibbled at a Davey delivery that seamed away.

Scotland were edging back after restricting England to 22 for 2 in the powerplay and James Taylor’s 17 needed 26 balls before he was expertly stumped by Cross.

Buttler was therefore left to come in with only 31 balls left in the innings, hitting some sweet shots in his brief cameo, and with Morgan finding his range England scrambled past 300.

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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.”

WORLD CUP SEMI-FINALS

England v New Zealand (Saturday, 12pm)

Wales v South Africa (Sunday, 1pm)

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