Rafael van der Vaart netted twice for Tottenham at Villa Park yesterday.
Rafael van der Vaart netted twice for Tottenham at Villa Park yesterday.

Van der Vaart helps Spurs quell Villa fightback



BIRMINGHAM // Inspirational midfielder Rafael van der Vaart scored twice for a Tottenham Hotspur side who had to play for two thirds of the game with ten men in a frenetic Boxing Day clash at Villa Park.

Van der Vaart moved up to eight league goals for the season - ten in total - as Spurs saw off a late Villa rally to keep within touching distance of the top four in the Premier League table.

In an end-to-end start to the game Villa had claims for a penalty ignored by referee Martin Atkinson when Emile Heskey was challenged by Heurelho Gomes, leaving the Villa striker requiring treatment.

Controversy quickly followed as Younes Kaboul appeared to give Tottenham a 16th-minute lead, only for an assistant referee to rule the knock back from Alan Hutton had already crossed the deadball-line, with replays appearing to suggest that was not the case.

Villa responded in the 18th minute as Heskey and Gabriel Agbonlahor played a one-two that set the latter free, forcing Gomes into a save with his left knee from a powerful drive.

In the 23rd minute the goal that had been beckoning fell Spurs' way when Van der Vaart stabbed home his ninth goal of the season from a low cross from Alan Hutton. the right-back, who had initially been picked out down the right with a raking pass from Gareth Bale.

Spurs' joy was shortlived, however, because in the 27th minute they were reduced to 10 men when Jermain Defoe was sent off for an elbow in the face of James Collins, the Villa captain.

It appeared a harsh decision because, although Defoe led with his arm in jumping with the centre-back, his eyes were focused on the ball at all times.

Just before the midway point of the second half, Spurs and Van der Vaart delivered a crushing blow as they made it 2-0. The goal was sparked from Spurs' own penalty area, in part due to Nathan Delfouneso's failure to strike when a chance presented itself.

The inevitable break down of Villa's move played into Tottenham's hands as they broke with devastating effect, sparked by an 80-yard run down the right from Bale.

His ball to Aaron Lennon was played back by the winger into Van der Vaart's path for a first-time left-foot shot beyond the outstretched Brad Friedel's grasp.

As ten-man Tottenham tired, Marc Albrighton gave Villa hope when his cross eluded everyone and crept in at the far post with eight minutes, but it was not enough time for Gerard Houllier's men to then find an equaliser.

The specs
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Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

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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 White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The five pillars of Islam
TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

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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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