Ireland's Jonathan Sexton is injured. Clodagh Kilcoyne / Reuters
Ireland's Jonathan Sexton is injured. Clodagh Kilcoyne / Reuters

Rugby round-up: Ireland’s Jonathan Sexton and Robbie Henshaw to miss Australia clash



DUBLIN // Ireland’s injured flyhalf Jonathan Sexton and centre Robbie Henshaw will miss this weekend’s Test with Australia at the Aviva Stadium, team manager Michael Kearney said on Monday.

Sexton and Henshaw suffered a hamstring problem and concussion respectively in the 21-9 loss to New Zealand, who the Irish beat for the first time in 111 years two weeks’ before.

Ireland full back Rob Kearney and back rower CJ Stander were also concussed and are doubtful for Saturday’s match.

Henshaw went off on a stretcher with his neck in a brace after an 11th minute tackle from Sam Cane, which the flanker has been cited for, while Sexton was withdrawn soon afterwards with a hamstring injury that will keep him out for up to two weeks.

“Robbie Henshaw was knocked unconscious by a shoulder contact to his jaw. He suffered a concussion and will not be involved this week,” Kearney said on the IRFU website. “Johnny Sexton has suffered a minor hamstring injury and has been ruled out of the game at the weekend.”

England lock Joe Launchbury will miss the Tests against Argentina and Australia after being handed a two-week ban by a disciplinary committee for kicking an opponent in Saturday’s win over Fiji.

Launchbury, 25, tried to kick the ball away at the base of a ruck but instead connected with Fiji centre Asaeli Tikoirotuma’s head in the 42nd minute of the 58-15 victory at Twickenham.

He accepted he had committed an act of foul play, missed by the officials, that would have warranted a red card.

The kick was deemed reckless rather than intentional by an independent panel, resulting in what would have been a suspension at the lower end of the scale of four weeks.

But this was reduced to two weeks due to mitigating factors, including the Wasps captain’s admission of guilt, his previous clean disciplinary record and good conduct at the hearing.

Launchbury can play again from December 5, two days after England wrap up their autumn schedule, though he can appeal.

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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.

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.”

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
BIO

Favourite holiday destination: Turkey - because the government look after animals so well there.

Favourite film: I love scary movies. I have so many favourites but The Ring stands out.

Favourite book: The Lord of the Rings. I didn’t like the movies but I loved the books.

Favourite colour: Black.

Favourite music: Hard rock. I actually also perform as a rock DJ in Dubai.

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
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books

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The Transfiguration

Director: Michael O’Shea

Starring: Eric Ruffin, Chloe Levine

Three stars