Skydiver aims to break sound barrier in 'death plunge'



CAPE CANAVERAL, United STATES // His blood could boil. His lungs could overinflate. The vessels in his brain could burst. His eyes could hemorrhage.

And, yes, he could break his neck while jumping from a mind-boggling altitude of 37 kilometres.

But the risk of a gruesome death has never stopped "Fearless Felix" Baumgartner in all his years of skydiving and skyscraper leaping, and it's not about to now.

Next Monday over New Mexico, he will attempt the highest, fastest free fall in history and try to become the first skydiver to break the sound barrier.

"So many unknowns," Baumgartner says, "but we have solutions to survive."

The 43-year-old former military parachutist from Austria is hoping to reach 1,110kph, or Mach 1, after leaping from his balloon-hoisted capsule over the desert near Roswell.

He will have only a pressurised suit and helmet for protection as he tries to go supersonic 65 years after Chuck Yeager, flying an experimental rocket plane, became the first human to go faster than the speed of sound.

Doctors, engineers and others on Baumgartner's Red Bull-sponsored team have spent as much as five years studying the risks and believe they have done everything possible to bring him back alive. He has tested out his suit and capsule in two dress rehearsals, jumping from 24km in March and 29km in July.

Baumgartner will be more than three times higher than the cruising altitude of jetliners when he hops, bunny-style, out of the capsule and into a near-vacuum where there is barely any oxygen and less than 1 per cent of the air pressure on Earth.

If all goes well, he will reach the speed of sound in about half a minute at an altitude of around 30km. Then he will start to slow as the atmosphere gets denser, and after five minutes of free fall, he will pull his main parachute. The entire descent should last 15 to 20 minutes.

He will be rigged with cameras that will provide a live broadcast of the jump via the internet, meaning countless viewers could end up witnessing a horrific accident.

Baumgartner is insistent on going live with his flight.

"We want to share that with the world," he says. "It's like landing on the moon. Why was that live?"

His team of experts - including the current record-holder from a half-century ago, Joe Kittinger, now 84 - will convene inside a Nasa-style Mission Control in the wee hours on Monday for the liftoff of the helium balloon at sunrise.

"All the things that can happen are varying degrees of bad," offers Baumgartner's top medical man, Dr Jonathan Clark, a former Nasa flight surgeon.

Dr Clark was married to space shuttle astronaut Laurel Clark, who was killed aboard Columbia while it was returning to Earth in 2003, and he has dedicated himself to improving astronauts' chances of survival in a high-altitude disaster.

Nasa is paying close attention, eager to improve its spacecraft and spacesuits for emergency escape, but is merely an observer; the energy drink maker is footing the bill and will not say how much it is costing.

The No. 1 fear is a breach of Baumgartner's suit.

If it breaks open - if, say, he bangs into the capsule while jumping or supersonic shock waves batter him - potentially lethal bubbles could form in his bodily fluids. That's what's known as boiling blood. A Soviet military officer died in 1962 after jumping from a balloon at 26km; the visor of his helmet hit the gondola and cracked.

During the descent, the temperature could be as low as -57¿C. Baumgartner's suit will be all he has between his body and the extreme cold.

Then there's the risk of a flat spin, in which Baumgartner loses control of his body during the free fall and starts spinning. A long, fast spin, if left unchecked, could turn his eyeballs into blood-soaked, reddish-purple orbs, and he could be left temporarily blind. Also, a massive blood clot could form in his brain.

A small stabilising chute will automatically deploy if he goes into a flat spin and blacks out or otherwise becomes incapacitated. He also has an emergency chute that will automatically deploy if he is unable to pull the cord on his main chute.

Baumgartner's team has a plan for every contingency but one: if the balloon ruptures shortly after liftoff because of a gust of wind or something else, the capsule will come crashing down with him inside. He won't have time to blow the hatch and bail out.

"I have every expectation that he'll come through this successfully based on our analysis," Dr Clark says, "but you know, it still is an unknown."

Associated Press

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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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