Tree enthusiasts who visit the world’s tallest tree deep in a northern California forest will face a fine and possibly jail after park officials declared the remote area off-limits because of damage from trampling tourists, a park official said on Monday.
The tree, a 115-metre coast redwood, is in a remote area of Redwood National Park and is not accessible by any trail.
But that has not stopped scores of visitors from hiking to the tree, said Leonel Arguello, the park’s manager for natural resources.
Mr Arguello said the tree, known as Hyperion, was “discovered” by two amateur naturalists in 2006.
By 2010, visitors started trekking to see the tall, skinny redwood after bloggers, travel writers and others shared its location online.
In 2019, Guinness World Records declared the tree, estimated to be between 600 and 800 years old, the tallest in the world.
Hikers have walked into dense vegetation to reach the tree, making many trails. The tree has also been damaged by visitors who step on its base.
The area around the tree no longer has ferns because of trampling, Mr Arguello said.
“The social trails have grown in number, the amount of garbage has increased, there’s human waste that has been seen and as more people go up to this tree, they create more social trails and all of that is having damage impacts to the vegetation, to the soils and, and all of the garbage just sits out there,” he said
The area has no mobile phone reception and if someone were to be hurt, it would take a lot of time and resources to rescue them.
That, paired with the trampling of the tree’s base and the forest, led officials to declare the area closed — and impose a $5,000 fine and up to six months in jail for those who hike there, Mr Arguello said.
He said that Hyperion visitors may be disappointed to realise the tree is not really that much to look at because, from its base, all they can see are branches.
“It’s tall but it’s not really that impressive to look at from the base because you cannot see the top of the tree," Mr Arguello said.
Park officials are encouraging people to visit Tall Trees Grove, where there are established trails and visitors have access to many imposing redwood trees.
“You can walk the grove and then go picnic by the creek and splash and swim in the water," Mr Arguello said.
"You don’t have to scramble and bushwhack up to this tall, skinny tree that isn’t that impressive."
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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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First Test, at Galle
England won by 211
Second Test, at Kandy
England won by 57 runs
Third Test, at Colombo
From Nov 23-27
Day 3, Dubai Test: At a glance
Moment of the day Lahiru Gamage, the Sri Lanka pace bowler, has had to play a lot of cricket to earn a shot at the top level. The 29-year-old debutant first played a first-class game 11 years ago. His first Test wicket was one to savour, bowling Pakistan opener Shan Masood through the gate. It set the rot in motion for Pakistan’s batting.
Stat of the day – 73 Haris Sohail took 73 balls to hit a boundary. Which is a peculiar quirk, given the aggressive intent he showed from the off. Pakistan’s batsmen were implored to attack Rangana Herath after their implosion against his left-arm spin in Abu Dhabi. Haris did his best to oblige, smacking the second ball he faced for a huge straight six.
The verdict One year ago, when Pakistan played their first day-night Test at this ground, they held a 222-run lead over West Indies on first innings. The away side still pushed their hosts relatively close on the final night. With the opposite almost exactly the case this time around, Pakistan still have to hope they can salvage a win from somewhere.
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Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)