Preposterous, absurd, ridiculous, outrageous, astonishing and insane were a few of the words used to describe a shot at the French Open men’s final on Sunday, when Stan Wawrinka took the script and stuffed it into the shredder.
This was to be Novak Djokovic’s coronation as the new king of clay, the day of his induction into that elite club of men who have won all four tournaments that make up the grand slam of tennis.
Wawrinka was supposed to be a glorified extra at the ceremony, applauding graciously as the world No 1 lifted that massive Coupe des Mousquetaires.
The Swiss, a first-round loser at Roland Garros 12 months ago, was not expected to be in the final – at six of his previous seven tournaments, which included four Masters, he had failed to win back-to-back matches.
In April, Wawrinka announced his separation from his wife, Ilham Vuilloud, amid rumours of an affair with a rising star on the WTA Tour.
Given those circumstances, few expected Wawrinka to make it to the second week of the tournament.
Instead, his more illustrious compatriot, Roger Federer, was expected to take advantage of a favourable draw and reach the final.
But Wawrinka was ruthless as he dispatched his Swiss compatriot and world No 2 in straight sets in the last eight.
Next, he broke the hearts of the home fans, to defeat Jo-Wilfried Tsonga in the semis.
But it was not his tennis that was making the headlines – rather it was his pyjama-print shorts.
But as the final got past the first set, fans started taking notice of Wawrinka’s stunning repertoire of shots.
They saw his beautiful and lethal backhand that he hits down the line or cross-court with equal precision, and his massive forehand that left one of the best defenders in the game’s history, Djokovic, stunned and stranded – and applauding, albeit begrudgingly.
The Serb could scarcely believe that preposterous backhand – yes, preposterous, absurd, etc – Wawrinka hit in the eighth game of the third set, with Djokovic serving at love-15, 2-5.
As Wawrinka returned a serve, the world No 1 hit a backhand across the court and waited, expecting the Swiss to hit cross-court as well.
Instead, the 2014 Australian Open champion whipped an incredulous around-the-net backhand on the other side.
A stunned Djokovic looked across the net at Wawrinka and then the ball as it sped past him. Seldom has the 11-time major winner looked as helpless and bewildered on court as he looked at that moment.
Wawrinka made Djokovic look ordinary.
But when the Swiss is in that zone, that mindset, according to Mats Wilander, the former world No 1, he is the most dangerous tennis player in the game.
“When Stan plays his best tennis, everyone has to fasten their seat belt,” the Swede told Eurosport in January. “When he plays well, for me he is the most exciting player in the world.”
Wilander’s comments had invited plenty of sneers at the time, but after Wawrinka’s performance at Roland Garros, few can challenge that claim.
Serena Williams, the women’s world No 1 and winner of the women’s title on Saturday, seemed to agree.
“Just wow! I want to play like that,” she wrote on Twitter on Sunday.
That is some tribute, coming from a 20-time grand slam title winner.
Stan, then, is the man of the moment and when he plays like he did the past two weeks, tennis is clearly the winner.
The challenge for him is to sustain it.
arizvi@thenational.ae
Follow us on twitter at @NatSportUAE
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.”
Killing of Qassem Suleimani
RACE SCHEDULE
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