ABU DHABI // As ever, Misbah-ul-Haq was pulling out the ol’ poker face and refusing to give anything away. Asked repeatedly where he would rank this drought-breaking series triumph over Australia, he hummed and hawed.
It was up there with the whitewash of England in early 2012 of course but how up there?
Finally he cracked and even then, with qualification. “It’s really tough to say but what is important is we have played some great cricket in both series. Both the teams came to us after playing some wonderful cricket back home.
“But considering the fact we had a far better bowling combination for England and this time we had an inexperienced bowling line-up, nobody could have thought we can turn around and beat Australia, so this you can understand is a big achievement.”
Maybe it will take time for him to comprehend what he has overseen. On Monday, his side handed Australia a 356-run defeat, their third-worst ever loss in terms of runs. It was Pakistan’s largest-ever in terms of runs.
There was resistance in the morning as Steve Smith and Mitchell Marsh enhanced their reputations immeasurably.
But once Marsh went and the new ball was taken, Australia collapsed in a heap, to spin once again.
They lost five wickets for eight runs in just 45 balls, Yasir Shah and Zulfiqar Babar sharing the wickets and, combined, ending with 26 of the 40 wickets in the series. In every sense of the word it was a drubbing.
After an Ashes whitewash and a memorable triumph in South Africa, this was some comedown for Australia.
Worryingly, it extended a trend of shambolic results in Asia, a sixth successive and heavy loss in the region.
Michael Clarke, who had a poor series personally with just 57 runs, could only pick the bones of some individual performances from the loss, but pulled no punches in his assessment of the bigger picture.
“We have got to talk about what’s just happened. We were hopeful that we learnt some lessons from our trip to India [in 2013] but it doesn’t look that way.
“Your goal has to be to try and become better. I say that regularly but our performances here weren’t any better than they were in India.
“It’s a fair indication of where we sit as a team. We’re a lot more comfortable playing in our own back yard and we need to continue to work hard to have success away from home.”
REPORT CARD
Star performer
Misbah-ul-Haq (Pakistan): If this is to be Misbah’s penultimate series in Test cricket, what a way to bow out. Sealing a historic series triumph and twin hundreds would have been enough but he made it stellar by equalling Viv Richards’ record for the fastest hundred. Bizarre and sublime.
Underperformer
Chris Rogers (Australia): Life is not going to get any easier for Rogers, given he is 37. He has at least the examples of Misbah-ul-Haq and Younis Khan in the opposition to look at. But Rogers was out of sorts on this surface, his frailties against spin all too apparent, although the first of two single-figure scores was off pace bowling to make it twice as galling.
Key moment
At 96 for two on the first day, in walked Younis Khan. He walked back the next day, having put on 236 with Azhar Ali (who got his own hundred). The partnership settled Pakistan’s nerves at what could have been a dicey moment. It settled the match and ultimately the series for them as well.
Pakistan rating
10/10 Full marks in two Tests in a row; maybe the world is flat. Pakistan were outstanding again, from the way they built their first innings, to the way they exploded in the second, to the way they bowled in both innings and caught close-in. Long-suffering Pakistani fans are forgiven for thinking this is a dream.
Australia rating
3/10 They missed more chances, bowled badly and – Mitchell Marsh and Steve Smith apart – batted as if they had never come across such a surface before. Sure it might have helped had they won the toss, but they were swept in India in 2013 after winning every toss. They have a serious problem in these conditions and it is not getting better.
Our verdict
Pakistan look every bit guardians of their new fortress away from home. They just know how to bowl and bat – and even field – in these conditions. But to do it with the bowling attack they have had in this Test – and series – is to elevate the win into the realms of extraordinary. In the circumstances, they have not played better.
osamiuddin@thenational.ae
Follow us on Twitter @SprtNationalUAE
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The specs
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Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
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.”
Afghanistan fixtures
- v Australia, today
- v Sri Lanka, Tuesday
- v New Zealand, Saturday,
- v South Africa, June 15
- v England, June 18
- v India, June 22
- v Bangladesh, June 24
- v Pakistan, June 29
- v West Indies, July 4
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THE LOWDOWN
Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz