Observing life: Sundance is the coolest film festival in more ways than one



Last month I had the pleasure of attending, for the first time, the Sundance Film festival in Park City, Utah, as the guest of TV broadcaster the Sundance Channel.

The festival, a favourite among indie cinema fans for almost four decades, came barely a month after the Dubai International Film Festival, and with that event fresh in my mind I couldn’t help but compare the two.

The most immediately striking difference was, unsurprisingly, the weather. I’ve become accustomed to festivals by the sea in bright sunshine. As soon as I stepped out of Salt Lake City Airport into -15°C temperatures, it became clear I needed to get my coat out of my suitcase sooner rather than later.

The temperature affects the cinema experience too – with multiple layers of clothes to remove, you need to give yourself a good 10 minutes before the movie starts, while piles of coats, hats and scarves on chair backs and on the floor make navigating the rows of seats an assault course in the dark.

The festival is the polar opposite of Dubai’s exclusive red carpets, evening gowns and black ties. Think instead white carpets, parkas and moonboots, whether you’re a Hollywood star in town for a premiere or a local who picked up a standby ticket after work.

The casual vibe extends indoors – I have never been served fried chicken in the five-star environs of Madinat Jumeirah by a man called Brad in a lumberjack shirt.

One American film director in my hotel was thrown into a panic, calling all of her friends at the festival in search of an evening dress having unexpectedly been invited to a dinner that required formal attire – she’d have no trouble tracking one down at Diff.

One thing that really surprised me was how spread out the ­festival was. While Main Street made for a compact social hub, only one screening venue, the Egyptian Theatre, is actually on the street – the others are scattered around in the mountains, some of them three shuttle-bus rides away.

The population of Park City is only around 9,000 people. Admittedly this is a deceptive figure – that is the permanent population but in winter the town transforms into one of the biggest ski resorts in the United States, while the festival attracts a further 50,000 visitors.

Still, it amazed me that a town that presumably spends much of the year as a sleepy backwater could stretch out across quite such a great distance. It put into perspective the many times I’ve heard journalists at Diff complain about the arduous shuttle ride all the way from Madinat Jumeirah to Mall of the Emirates for a screening. Park City also gives Dubai’s infamous traffic a run for its money, what with the Sundance crowds, mountain roads and frequent, heavy snow.

It wasn’t all heavy coats and arduous treks through the mountains to catch a screening of the next surprise box-office smash though – I did allow myself one little luxury.

I had noted on the internet that my hotel featured an outdoor heated pool and hot tub, and so I promised myself that at least one morning I would get up ­extra-early and sample this hot-and-cold experience. It was an incredible way to start the day, soaking in a steaming-hot tub surrounded by freezing snow and mountain vistas.

If anyone from Diff is reading, I’ll be demanding that a hot tub is installed at Ski Dubai for my new early-morning routine before I write a single word about this year’s event. A simple shower is just so ... European?

cnewbould@thenational.ae

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Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.

The Saga Continues

Wu-Tang Clan

(36 Chambers / Entertainment One)

Yuki Means Happiness
Alison Jean Lester
John Murray 

UAE currency: the story behind the money in your pockets
City's slump

L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1

FULL%20FIGHT%20CARD
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Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Normcore explained

Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.

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.”

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books

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Seemar’s top six for the Dubai World Cup Carnival:

1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition