How to enjoy an Abu Dhabi F1 weekend



The stands may have been half empty during the practice race at F1 on Friday but Yas Marina was buzzing with activity on the super yachts berthed there this weekend.

The 280ft Moonlight II, the biggest yacht at the F1, played host to a well-heeled set and a few celebrities. The former footballer Diego Maradona was on board as was the actor David Hasselhoff of Baywatch and Knightrider fame. The Hoff was gracious and stopped during his guided tour of the yacht to pose for a few quick pictures and brief chats with his fans before disembarking.

Aside from my all-too brief chat with the Hoff, I had the pleasure of meeting the charming Hugo Taylor, formerly of the UK reality show Made in Chelsea, who was enjoying the F1 action on the yacht with his girlfriend, the model Natalie Joel. He may have tried to steal my lighter a couple of times but I did my best to secure him and his friends passes to the Jay Z concert at du Arena last night.

A few yachts down, aboard the Majesty 88, brokered by Belevari Marine, I chatted to the Lebanese actor Oussama El Ali before the marina quieted down and the vast majority headed to the Jay Z concert. Post concert, though, the marina came alive again with DJs getting the yacht crowds dancing and the parties continued across the island, including the first Amber Lounge night of the weekend. This year the legendary Amber Lounge has taken over the premises of the former Allure club in Yas Marina and last night the guests were entertained by McNasty, Labrinth's brother while tomorrow the hip-hop group Far East Movement, from Los Angeles, are appearing at the closing party. Amber Lounge tickets start at Dh3,030, doors open at 11pm. For reservations, email abudhabi@amber-lounge.com or visit www.amber-lounge.com

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
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Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

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Specs

Engine: 2-litre

Transmission: Eight-speed automatic

Power: 255hp

Torque: 273Nm

Price: Dh240,000

The Freedom Artist

By Ben Okri (Head of Zeus)

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

UAE currency: the story behind the money in your pockets
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5