Shinji Kagawa of Japan looks on in the rain during his side's World Cup opening loss to Ivory Coast on Saturday. Julian Finney / Getty Images / June 14, 2014
Shinji Kagawa of Japan looks on in the rain during his side's World Cup opening loss to Ivory Coast on Saturday. Julian Finney / Getty Images / June 14, 2014

United’s ‘beaten psychologically’ Shinji Kagawa soul-searching with Japan



Reuters
Two seasons on the fringes of the Manchester United set-up have left Japanese poster boy Shinji Kagawa a pale imitation of his former self, battling nerves and psychological demons if his World Cup is not to be cut short.
The 25-year-old had a World Cup debut to forget against Ivory Coast, struggling to make an impact against impressive African full back Serge Aurier, who took advantage of Kagawa's defensive frailties to bomb forward and set up both goals in a 2-1 comeback win on Saturday.
Unable to hold up the ball or link with Japan's central playmaker Keisuke Honda, Kagawa was replaced by Yoichiro Kakitani in the final minutes of the Group C match.
"If this is the result, this says a lot about me," he told reporters.
The once unthinkable prospect of Kagawa missing out on the starting lineup for the next match against Greece on Thursday is now a possibility with the player revealing his mental anguish before the Ivory Coast clash.
"I lost a battle with myself," Kagawa told Kyodo News this week.
"There was pressure and nerves and at the start I made mistakes and I'm taking a good look at myself. I couldn't get into a good rhythm and was beaten psychologically.
"We went into the match thinking we would be able to do well going forward, but both myself and the team were stiff and couldn't move well."
Kagawa was not the only one who struggled in a limp display by the Asian champions after they had taken the lead through a sumptuous strike by Honda in the 16th minute.
Japan coach Alberto Zaccheroni had called for his talented team to believe in themselves prior to the match, but their confidence shattered and the panic set in as they struggled to keep their powerful attacking opponents at bay.
The Italian coach is known for his loyalty and wholesale changes are unlikely, giving Kagawa another chance to rediscover the dazzling form that helped Borussia Dortmund clinch back-to-back Bundesliga titles.
That form, which also helped Japan clinch a record fourth Asian Cup in 2011, alerted Manchester United and he made the switch to Old Trafford in 2012 but the move has not worked out well.
After being shunted wide left by previous United manager Alex Ferguson and restricted in appearances, former Dortmund boss Jurgen Klopp called for more love to be shown to the Japanese.
"Shinji Kagawa is one of the best players in the world and he now plays 20 minutes at Manchester United - on the left wing," the German said last year.
"My heart breaks. Really, I have tears in my eyes. Central midfield is Shinji's best role. He's an offensive midfielder with one of the best noses for goal I ever saw."
Life did not get any better under Ferguson's successor David Moyes last season, with no goals in 18 league starts.
Moyes persisted with Kagawa wide when he did feature and Zaccheroni has been vocal in his preference for Honda, who also struggled badly after his goal against the Ivory Coast, to be his central creator.
Kagawa once bemoaned being forced wide for the Blue Samurai but his priority now is just being on the field to ensure his first World Cup extends to the knockout stages.
"We can't let it end here," he said.
"I still think we can play well and hopefully we can fix things. In order to win our second and third games we just have to continue believing in ourselves."
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

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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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures