David Luiz smiles during a training session for Brazil on Friday during the 2014 World Cup. Buda Mendes / Getty Images / June 20, 2014
David Luiz smiles during a training session for Brazil on Friday during the 2014 World Cup. Buda Mendes / Getty Images / June 20, 2014

David Luiz claims adversity ‘showed us what is required’ to win World Cup



Brazil may not have come flying out of the traps at this World Cup, but defender David Luiz believes the stern tests they have faced in their opening matches can only improve their chances of winning the trophy.
When the draw was made back in December, the hosts looked to have got off lightly in a section with three sides who had all struggled, to different degrees, during qualifying.
Click here to visit The National's World Cup 2014 landing page
But Brazil were perhaps lucky to beat Croatia 3-1 in their first Group A match after conceding the first goal, and Mexico showed that they are a much better side now under Miguel Herrera than they were six months ago as they held the tournament favourites to a 0-0 draw in Fortaleza on Tuesday.
"I wanted great games and two great victories for Brazil," admitted Luiz when asked for his assessment of Brazil's start to the competition.
"But that way we would not have had the opportunity to see what is really required in a World Cup or what we are going to come up against later on," he added of a squad with only five survivors from the group that reached the quarter-finals in South Africa in 2010.
"Sometimes you start off winning games 3-0 and then suddenly you lose in the next round and you go home but this last game showed us what is required."
After Tuesday's match at the Castelao Stadium, it seemed that the Brazilian camp were showering such high praise on the Mexicans in an attempt to deflect attention away from their own defaults.
But the former Chelsea centre-back, who earlier this month completed a move to French champions Paris Saint-Germain that will see him team up with his international colleague Thiago Silva, appeared genuinely struck by the quality of the Mexican team.
"If Mexico play like that in every game from now, they will go far," the 27-year-old insisted in Teresopolis.
The level of scrutiny on the Brazil team at their training camp is intense, with hundreds of journalists from all around the world watching every move of Luiz Felipe Scolari's side and trying to pick holes in their preparations.
The local media have been concerned at the perceived lack of time spent on the training field by Scolari's players and at how the temperate climate at their base in the mountains north of Rio de Janeiro can adequately prepare them for games in the heat of Fortaleza or Brasilia, where they tackle Cameroon in their final group match on Monday.
However, within the squad the perception is that Brazil are still getting used to the level of competitivity in the World Cup, something which does not compare to that seen in the Confederations Cup a year ago.
"In the Confederations Cup things went so well because our desire to win was so much greater than the other teams," said Luiz. "But everyone wants to win the World Cup in Brazil.
"Australia almost beat the Netherlands, who hammered Spain. The champions have been knocked out already. We know we can evolve and get better, but we need to learn to suffer.
"As players we dream of moments like this. We are working hard and we believe in our philosophy."
Brazil need only a point against Cameroon to be certain of progressing to the last 16 and a meeting with either Chile or the Netherlands.
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Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

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.”

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Power: 181hp

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Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

'The Lost Daughter'

Director: Maggie Gyllenhaal

Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

Rating: 4/5

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

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Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

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Keep up with all the Middle East and North Africa athletes at the 2024 Paris Olympics

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