Brazilians dedicate third place in CWC to fans



ABU DHABI // Taking third place was scant consolation for a side with ambitions of winning the tournament when they arrived in Abu Dhabi, but Rafael Sobis, the Internacional forward, said his team owed it to the fans to put in a performance.

"We arrived here with the intentions of playing with Inter Milan in the final and we are still very disappointed that we couldn't fulfil those ambitions," said Sobis, who is on loan at the Brazilian side while still under contract with Al Jazira, the Pro League club.

"To win the play-off match was some consolation we could offer our fans, most of them who have travelled from many parts of the world to come and stand behind us in support at this competition. We thank them from the bottom of our hearts."

Sobis, who has a five-year contract with Jazira until 2013, did not have a great tournament, missing scoring opportunities against TP Mazembe, who won 2-0 to send his team crashing out at the semi-final stage.

"I have to serve my loan period at Internacional until June and then Jazira will review my contract," he added.

"It has been hard work back in Brazil where the competition is so high. The medics from the Brazilian club have helped me to gain six kilos of muscle and regain full fitness after the knee injury I suffered last season in the UAE."

Tinga, who opened the scoring for the South Americans in the 4-2 victory, said their approach against Seongnam Ilhwa Chunma, the Asian champions from South Korea, was not different to their first match with Mazembe.

"This game was more open and we scored from the chances we created, which we couldn't do against the African champions the other night.

"We have a big reputation and we went out there to win this game for our fans."

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


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