Dutch powerhouse Dafne Schippers led from gun to tape to retain her world 200 metres title on Friday, holding off a spirited charge from Ivorian Marie-Josee Ta Lou, who had to settle for another near-miss silver.
With Olympic champion Elaine Thompson opting not to race the 200m and Tori Bowie pulling out after winning the 100m, things had looked easier for Schippers, who took bronze in the shorter distance, but she had to use every inch of her strength to hold off Ta Lou and win in 22.05 seconds.
“I fought for that,” Schippers said. “I have worked so hard this year so I am so happy. Two times in a row is very special.”
She now joins American Gwen Torrence (1991-93) and Jamaican Merlene Ottey (1987-95) as the only women to medal in both 100m and 200m at successive world championships.
“This last year was not the easiest for me. I changed everything and got a new coach, so I’m very happy,” Schippers added.
“My secret is enjoying the sport and enjoying my racing. I feel a little bit nervous starting out, but I'm a final runner and I’m grateful for the experience now it’s over.”
Ta Lou had lost the 100m final by one hundredth of a second after failing to dip on the line and though she did lean this time she was just behind Schippers in 22.08, still a national record.
Olympic 400m champion Shaunae Miller-Uibo, who stumbled in sight of gold and slipped to fifth in the 400m final, this time trailed badly coming off the bend but produced a barnstorming last 30 metres to overhaul 21-year-old home hope Dina Asher-Smith in 22.15.
“Another silver but I am so happy,” said Ta Lou. “At the camp before these championships I felt a problem in my legs but I didn’t want to tell my coach. I prayed that I would be OK and I have been.
“I did all I could in that race. To get a silver medal is more than I could have asked for. I am so grateful for having a championships like this. It has been a special week for me.”
Asher-Smith, who missed a large chunk of the year with a broken foot, ran a season’s best 22.22 to chalk up yet another fourth place for the host nation, still waiting for a second medal to add to Mo Farah's gold in the 10,000m on the opening night.
American duo Deajah Stevens and Kimberlyn Duncan finished fifth and sixth as the US failed to medal in the event for the third successive world championships.
With no Jamaicans making the final it also marked the first time the Caribbean sprint powerhouse has failed to take a gold in either the men’s or women’s 100m or 200m finals since 2005 and the first time since 2003 the country’s women did not take any medal in those events.
Elsewhere, America continued their superlative championships as Emma Coburn led an unlikely 1-2 finish for the United States in the steeplechase.
Courtney Frerichs took silver, while defending champion Hyvin Jepkemoi of Kenya earned bronze.
Coburn took the lead for good at the final water jump and kicked for home to finish in a championship record of 9 minutes, 2.58 seconds.
Frerichs was 1.19 seconds behind, holding off Jepkemoi in a sprint finish.
Beatrice Chepkoech of Kenya, the third-best performer this year, was running in the lead at the start when she missed the turn for the water jump on the inside of the track and had to go back. She made a strong comeback but faded in the final lap.
Poland’s Pawel Fajdek defended his world hammer throw gold in a thrilling competition in the London Stadium.
Fajdek threw a best of 79.81 metres while Russian Valeriy Pronkin, competing as a neutral as his country’s athletics federation remain banned by the IAAF, claimed silver with 78.16m on his final throw.
Another Pole, Wojciech Nowicki, took bronze (78.03m) to add to previous bronzes in the 2015 worlds and 2016 Olympics.
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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.
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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.
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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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Dubai launched the pilot phase of its real estate tokenisation project last month.
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