Nasa is encouraging the public to send their names aboard a spacecraft that it is launching to Europa, an icy moon orbiting Jupiter.
Names will be engraved on the Europa Clipper craft, which will travel 2.8 billion km after a scheduled launch on October 10, 2024, from Florida.
There have already been more than 700,000 submissions from all over the world.
“Join the mission and have your name engraved on Nasa’s Europa Clipper spacecraft as it travels 1.8 billion miles to explore Europa, an ocean world that may support life,” said Nasa.
“Once all the names have been gathered, technicians in the Microdevices Laboratory at Nasa’s Jet Propulsion Laboratory in Southern California will use an electron beam to stencil them on to a dime-size silicon microchip.”
Each line of text will be smaller than the width of a human hair.
Nasa has launched a dedicated website for the public to register their names by December 31.
Mission to Jupiter's icy moon
Jupiter has 95 moons that are officially recognised, but Nasa said that there are thousands of smaller objects in the planet's orbit.
Europa is the sixth closest of the moons that orbit Jupiter.
Nasa's craft is being launched to study the moon's ice shell, the ocean beneath it and its composition and geology.
Scientists have been trying to understand the planet's moons better in the hope that maybe one will be able to support life.
The spacecraft will perform about 50 fly-bys of Europa – going as close as 25km above its surface – at different locations to help the craft scan the entire moon.
“Europa shows strong evidence for an ocean of liquid water beneath its icy crust,” said Nasa.
“Beyond Earth, Europa is considered one of the most promising places where we might find currently habitable environments in our solar system.”
An armoured spacecraft
The Europa Clipper will be the largest spacecraft built by Nasa for a planetary mission, weighing 3.2 tonnes without propellant.
The craft, its payloads and other electronics will be protected by a thick-walled vault – made of titanium and aluminium – to keep the structure safe from Jupiter's radiation.
Some of the scientific instruments aboard the Clipper include cameras and spectrometers that will take high-resolution images and composition maps of the moon's surface and atmosphere.
It will also carry a thermal instrument to pinpoint locations of warmer ice and potentially recent eruptions of water.
Previous missions to Jupiter and its moons
Only a few missions have explored Jupiter and its moons, including the Voyager programme in the 1970s.
The latest one was the Jupiter Icy Moons Explorer, launched by the European Space Agency earlier this year to study the planet's three largest icy moons – Europa, Ganymede and Callisto.
Nasa's Juno spacecraft, launched in 2011, is also studying Jupiter's moons.
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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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