19th hole: Kim happy with Middle East sojourn



Opting to leave his trademark glittering belt buckle at home in Texas, talented 24-year-old Anthony Kim instead used his golf clubs to catch the eye yesterday. The world No 24, who last season decided to split his time between the European and PGA tours, looked comfortable and composed in the Emirates, showing his ever-growing gallery exactly why he is developing into one of the biggest draws in America.

Making his first appearance in the Middle East this week, Kim said after his two-under par 70 second round that the National Course layout reminded him of Palm Springs. It was an off-the-cuff observation, but it may not be too well-received back home, where some of Kim's critics claim he should not have been here in Abu Dhabi. The annual Bob Hope Classic is taking place this weekend in La Quinta - 16 miles from Palm Springs - and with Kim having attended school in the resort city, the PGA Tour had hoped he would add his sparkle to a flailing sponsor-hungry tournament.

Scott McCarron, the American golfer who, as well as playing on the PGA Tour, also advises on its players' council, said Kim should have shown loyalty to the American tour and played in the Hope instead of "chasing money over in Abu Dhabi". Instead the confident, if at times controversial, Californian opted to ask for a "conflicting events release" to play in the Emirates. It was granted. Kim, who caused a stir the last time he was linked with an appearance in the UAE - he left it until the week of the event before pulling out of the European Tour's season-ending Dubai World Championship - intimated yesterday that he has no regrets about his Middle East excursion this time around and revealed he feels fortunate to be invited.

"I completely understand the Tour is losing sponsors, but unfortunately I couldn't be [there]," he said after finalising a four-under finish going into today's penultimate round. "I really wish I was [at the Bob Hope], but this is such a great tournament, I didn't want to pass up the opportunity. I always wanted to come to this part of the world and feel lucky to be here right now." Those watching him as he walked the 7,510 yards around the course will at times have felt equally as privileged to see him in action. Stepping up to the tee on the first, he watched his drive swing wayward to the left landing in some potentially tricky sand.

But, having dusted himself down, he drilled an absolutely wonderful approach shot to land within 10 yards of the pin, tapping in with ease. Yet dressed in a prim pink polo shirt, it was only his play on the greens - and perhaps some mischievous remarks from Darren Clarke - that left him red-cheeked. His putter let him down for the majority of the afternoon, but when he judged it right - as he did on the first, second and 11th, notching birdies - he looked formidable.

"I didn't get many putts to fall," he said. "But I think they'll fall this weekend and I just have to keep my head down. For the first tournament of the year, you're going to be a little rough, but I'm expecting to knock that off pretty soon. [My game is] not perfect, but it's getting there." Which is positive news for Abu Dhabi, good news for the European Tour and great news for Kim. But not so for the organisers of the Hope, who yesterday endured another day of torrential rain that even Kim's belt would have struggled to shine in.

After his Abu Dhabi decision he can expect an equally tempestuous welcome on his return back Stateside. @Email:gmeenaghan@thenational.ae

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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Power: 255hp

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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


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