The Cardinals  linebacker Karlos Dansby returns a fumble by the Packers' quarterback Aaron Rodgers for a touchdown in overtime.
The Cardinals linebacker Karlos Dansby returns a fumble by the Packers' quarterback Aaron Rodgers for a touchdown in overtime.

Rodgers agony, Cards ecstasy



Karlos Dansby scored on a fumble return in overtime to give the Arizona Cardinals a wild 51-45 victory over the Green Bay Packers in the highest-scoring NFL play-off game on Sunday. The linebacker scooped up the ball and ran 17 yards for the winning touchdown after Michael Adams had jarred it loose from the Green Bay quarterback Aaron Rodgers on the first series of overtime in the NFC wild card game.

"My reaction was like, 'Damn!' Everything is bouncing their way right now," Dansby said. "I was like, we got to do something." The win sends the Cardinals, the losers of last year's Super Bowl, to New Orleans on Saturday for an NFC divisional play-off against the top-seeded New Orleans Saints. "That has got to be one of the best games ever played in the play-offs," Ken Whisenhunt, the Arizona coach said after the victory.

The Cardinals QB Kurt Warner threw for five touchdowns but Arizona missed a chance to win in regulation when Neil Rackers went wide left with a 34-yard field goal attempt with 14 seconds left. "I play for the play-offs," said Warner, who completed 29 of 33 passes for 379 yards despite the absence of his top receiver, the injured Anquan Boldin. "Let's keeping going," added the 38-year-old QB, who may yet decide to retire at the end of the season.

"We knew how tough it was going to be on our defence with all the weapons they have offensively and how they've been playing. It was just one of those games where I felt great. I loved our playing. I felt like I was seeing everything well and it accumulates to 51 points." Larry Fitzgerald and Early Doucet each caught a pair of touchdown passes as the Cardinals made amends for last weekend's 33-7 loss to the Packers to end the regular season. "Kurt Warner played lights out," the Green Bay coach Mike McCarthy said.

"From the start of the game, there was a hump that we just totally never got over. It's clearly one of the toughest losses I've been a part of I'm very proud of our football team and fight. This is a hard game to swallow." Arizona led the game 17-0 after the first quarter and held a 31-10 edge in the third before Rodgers, who threw four touchdown passes, rallied the Packers. Two consecutive Rodgers touchdown passes pulled Green Bay within seven points and, after Warner and Rodgers traded another score each, the Packers tied the score at 38-38 on John Kuhn's one-yard run. Warner then hit Steve Breaston with a 17-yard toss for a 45-38 lead with under five minutes to play.

Rodgers was not done yet, however, and tossed an 11-yard pass to Spencer Havner with just under two minutes remaining to level the score once more and set up overtime and Dansby's decisive contribution. "We had the play called earlier, but we missed the sack," Dansby said. "With the game on the line, we called it again. "See you in New Orleans, baby." Meanwhile the two-time Super Bowl most valuable player Tom Brady threw three interceptions and fumbled the ball away in the New England Patriots' 33-14 first-round NFL play-off defeat to the Baltimore Ravens.

"We got off to a terrible start in the first quarter and never got back into the game," Brady said. * Reuters

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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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