Rafael Nadal slipped during the third game of the second set against David Ferrer but still came up with a winner.
Rafael Nadal slipped during the third game of the second set against David Ferrer but still came up with a winner.

Nadal serves 'best' warning for French Open final



Rafael Nadal said his demolition of David Ferrer in the French Open semi-finals was one of the most complete matches he has played for some time.

The Spaniard, who is bidding to become the first man to win seven titles at Roland Garros, was only briefly troubled at the start of the match, saving two break points in the fourth game before accelerating away for a 6-2, 6-2, 6-1 victory over the No 6 seed.

It was, he said, "one of my best matches on this court".

He added: "In my opinion I did almost everything right, because my serve worked very well, changing directions. My backhand was at its best so far. I hit the forehand well during all the tournament. Today wasn't an exception."

The win sees Nadal into his seventh final in eight years and once again he has done so without dropping a set.

His serve has been broken only once, in the second set of his first-round match with Simone Bolelli.

His opponent in the final will be the top seed Novak Djokovic who dismissed Roger Federer in three sets. Djokovic has never beaten Nadal at Roland Garros.

Nadal, 26, said he is not the same player who won his first French Open title in 2005.

"Maybe I've lost some of my energy," he said. "When I was younger I could rally longer, I think. Everything was a novelty for me. Today perhaps there is less novelty about it for me.

"But I think that in terms of my moves, I move better on clay. I don't feel as much electricity as I felt in the past, but I think that it's true to say that my tennis has improved.

"I'd like to change my style a little and be more aggressive, slightly more aggressive. But I've gone a notch up."

Proof of Nadal's dominance on clay is the fact that since winning his record-equalling sixth French Open title last year, he has lost just one match on the surface and that came against his compatriot Fernando Verdasco in Madrid where he took a dislike to the experimental blue surface.

Djokovic, however, defeated Nadal on clay twice in 2011.

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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.”

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Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

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