• Dead pilot whales line the beach at Tupuangi Beach on the Chatham Islands on Saturday, October 8. All photos: AP
    Dead pilot whales line the beach at Tupuangi Beach on the Chatham Islands on Saturday, October 8. All photos: AP
  • Almost 500 pilot whales have died after beaching themselves on two New Zealand beaches.
    Almost 500 pilot whales have died after beaching themselves on two New Zealand beaches.
  • None of the whales could be rescued, with some of them euthanised.
    None of the whales could be rescued, with some of them euthanised.
  • The deaths come two weeks after about 200 pilot whales died in Australia after beaching themselves on a Tasmanian beach.
    The deaths come two weeks after about 200 pilot whales died in Australia after beaching themselves on a Tasmanian beach.
  • Mass strandings of pilot whales are common in New Zealand, especially in summer.
    Mass strandings of pilot whales are common in New Zealand, especially in summer.
  • Scientists do not know what causes whales to become stranded, although it appears their location systems can get confused by gently sloping sandy beaches.
    Scientists do not know what causes whales to become stranded, although it appears their location systems can get confused by gently sloping sandy beaches.
  • The whale carcasses will be left to decompose on the beach.
    The whale carcasses will be left to decompose on the beach.

500 pilot whales die in mass strandings on islands off New Zealand


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About 500 pilot whales have died after becoming stranded on two beaches on islands off New Zealand, officials said.

Two “super pods” beached themselves on the Chatham Islands, which are located about 800 kilometres east of New Zealand’s main islands and are home to about 600 people.

None of the stranded whales could be rescued, with some of them euthanised, the Department of Conservation said.

The department said 232 whales stranded themselves on Friday at Tupuangi Beach and another 245 at Waihere Bay on Monday.

Daren Grover, of non-profit whale rescue group Project Jonah, called the incident “heartbreaking”.

He said whales searching for food around the Chatham Islands can find themselves going from very deep to shallow water very quickly as they approach land.

“They rely on their echolocation and yet it doesn’t tell them that they are running out of water,” Mr Grover said.

“They come closer and closer to shore and become disoriented. The tide can then drop from below them and before they know it, they are stranded on the beach.”

Dead pilot whales line the beach at Tupuangi Beach, Chatham Islands, in New Zealand's Chatham Archipelago, on Saturday, October 8. Almost 500 pilot whales have died after stranding themselves on two remote New Zealand beaches over recent days, officials say. AP
Dead pilot whales line the beach at Tupuangi Beach, Chatham Islands, in New Zealand's Chatham Archipelago, on Saturday, October 8. Almost 500 pilot whales have died after stranding themselves on two remote New Zealand beaches over recent days, officials say. AP

The deaths come two weeks after about 200 pilot whales died in Australia after stranding themselves on a remote Tasmanian beach.

“We do not actively refloat whales on the Chatham Islands due to the risk of shark attack to humans and the whales themselves, so euthanasia was the kindest option,” said Dave Lundquist, a technical marine adviser for the conservation department.

Mass strandings of pilot whales are reasonably common in New Zealand, especially during the summer months.

Scientists do not know exactly what causes the whales to become stranded, although it appears their location systems can get confused by gently sloping sandy beaches.

The whale carcasses will not be buried or towed out to sea because of the remote location of the beaches, but will be left to decompose, Mr Grover said.

“Nature is a great recycler and all the energy stored within the bodies of all the whales will be returned to nature quite quickly,” he said.

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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.”

Updated: October 12, 2022, 5:49 AM