Federico Macheda is very much in the minority within the Italian football fraternity in Manchester.
The United striker, who arrived in the north-west of England before most of the current prominent football folk, reckons he can hardly visit the city's San Carlo restaurant without seeing Roberto Mancini, the manager of Manchester City.
And any of Mancini's three Italian assistants might be with him. Mario Balotelli, the City forward, has been spotted there, too.
So do they all, the Manchester Italians, hang out together?
Macheda knows the city's deep divisions well enough by now not to volunteer an enthusiastic "Yes, of course".
"I only go and eat at Rosso's," he said, smiling. Rosso's is the Italian restaurant of choice for the United footballers. As it would be: the proprietor is the club's central defender Rio Ferdinand.
A little over three years after moving to Manchester, at barely 16 years old, Macheda - "Kiko" to his friends and colleagues - has begun to feel genuinely at home.
"It was quite tough for me at the start," he confessed, "but all my family are here with me. We feel settled, so things are not difficult any more."
His English, while occasionally hesitant, has also progressed from barely existent when he left Rome, to good enough for training-ground banter and, evidently, for some complex explanations.
He needed to provide one earlier this month, to Wayne Rooney.
Macheda had been quoted, during a press conference he gave while on duty with the Italy Under 21 squad, as describing Rooney as coatto; or, to be precise, as having said: "Rooney's a bit coatto, as we say in Rome."
By the time the statement had been translated across cyberspace, Macheda had been deemed to have labelled Rooney a "chav", even as "thick".
Poor Macheda, Roman born and bred, had to clarify to his senior club colleague that his phrase was better understood as "rough and ready", and that certainly no offence had been meant.
Rooney has, over the past tumultuous week in his career, been called far worse, and Macheda can look back on the brief buzz of headlines his comment had stirred with amusement.
He had contacted Ferdinand from Italy when the story broke, and was immediately reassured.
"It shows how things work at United," he said. "It is an unusual club because the older players do help out the younger ones a lot.
"Players like Rio, Rooney and Ryan Giggs are always giving me advice and help."
Those older players remember their debt to Macheda. Eighteen months ago, his goals set United on the path to their most recent Premier League title.
To recap, Macheda, then 17 years old, made his league debut, having served with distinction in the Under 18s and the reserves, in April 2009.
He came on a substitute with United trailing 2-1 to Aston Villa, the team apparently heading for a third successive defeat and consigned to looking upwards at Liverpool, who were then at the top of the table.
Cristiano Ronaldo struck an equaliser 10 minutes from time. Cue Macheda, two minutes into injury time, receiving the ball, back to goal, and swivelling around his marker to curl in a spectacular winner.
The super-sub reputation would be cemented in the next league fixture: 46 seconds after coming on, Macheda struck the winning goal away at Sunderland.
The two goals had represented the difference between falling three points behind Liverpool and standing a point clear in a Premier League title race they would wrap up the following month.
It had a been a glorious introduction. Inevitably, not every weekend would be so magical. Macheda had a frustrating 2009/10 season.
Injured through the winter months, he did register a goal against Chelsea, but it was in a losing cause against the club who would displace United as champions.
Had he felt downhearted? "No," he replied, a determined look on what is a typically Roman face, with its firm jaw and prominent nose.
"I am feeling good about my game right now. I have been playing a bit more this season and that obviously pleases me."
He has been cheered, too, by the encouragement he have received from Sir Alex Ferguson, his manager at United.
"He has shown confidence, he's put me in the side and I have heard him talk to the press positively about me. It's a motivation. The better I do the more I hear of that. I feel lucky to have a manager like him at this stage in my career."
Selection with the Italy U21s had also boosted him, as had Ferguson relating to Macheda that Cesare Prandelli, head coach of the senior Azzurri side, had recently been in touch for a progress report.
"I know Italy are looking at younger players now," said Macheda, "but I need to establish a regular place here at United for that to happen."
With that aim, Macheda dismisses the idea, mooted by Lazio, that he might return there on loan in January. The Rome club, currently top of Serie A, were not happy when United recruited Macheda so young, but pragmatism has since guided them to see if mutual benefit might come from a brief return there.
Macheda says he is pleased to see Lazio soaring but is committed to battling for a role at United with Rooney, Dimitar Berbatov, Javier Hernandez and Michael Owen.
Rooney's absence with injury had, and would, show the strength of his understudies, said Macheda.
"Wayne Rooney is the greatest striker we have, and with quality like he has, he will come back into form. You can never deny we are stronger when he's in the side, but when he's not the boss can give more opportunities to players like me and "Chicharito" to prove what we can do."
Chicharito Hernandez and Macheda were both super-subs in United's trickiest outing so far in the Champions League this season, Macheda coming off the bench to set up the late winner against Valencia in Spain for Hernandez to score.
And the Mexican and the Italian have, reports Macheda, become good friends since Hernandez's arrival in the summer. He is happy to advise the newcomer where to go - or not to go - if he wants an Italian dinner.
sports@thenational.ae
The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
More on Quran memorisation:
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Biography
Favourite book: Zen and the Art of Motorcycle Maintenance
Holiday choice: Anything Disney-related
Proudest achievement: Receiving a presidential award for foreign services.
Family: Wife and three children.
Like motto: You always get what you ask for, the universe listens.
more from Janine di Giovanni
About Housecall
Date started: July 2020
Founders: Omar and Humaid Alzaabi
Based: Abu Dhabi
Sector: HealthTech
# of staff: 10
Funding to date: Self-funded
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Kibsons%20Cares
%3Cp%3E%3Cstrong%3ERecycling%3Cbr%3E%3C%2Fstrong%3EAny%20time%20you%20receive%20a%20Kibsons%20order%2C%20you%20can%20return%20your%20cardboard%20box%20to%20the%20drivers.%20They%E2%80%99ll%20be%20happy%20to%20take%20it%20off%20your%20hands%20and%20ensure%20it%20gets%20reused%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKind%20to%20health%20and%20planet%3C%2Fstrong%3E%3Cbr%3ESolar%20%E2%80%93%2025-50%25%20of%20electricity%20saved%3Cbr%3EWater%20%E2%80%93%2075%25%20of%20water%20reused%3Cbr%3EBiofuel%20%E2%80%93%20Kibsons%20fleet%20to%20get%2020%25%20more%20mileage%20per%20litre%20with%20biofuel%20additives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESustainable%20grocery%20shopping%3C%2Fstrong%3E%3Cbr%3ENo%20antibiotics%3Cbr%3ENo%20added%20hormones%3Cbr%3ENo%20GMO%3Cbr%3ENo%20preservatives%3Cbr%3EMSG%20free%3Cbr%3E100%25%20natural%3C%2Fp%3E%0A
Key Points
- Protests against President Omar Al Bashir enter their sixth day
- Reports of President Bashir's resignation and arrests of senior government officials
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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.”