Pandora, a peregrine falcon, was blown off course by high winds. Courtesy The Banyan Tree
Pandora, a peregrine falcon, was blown off course by high winds. Courtesy The Banyan Tree

Search for missing Falcon



DUBAI // Birdwatchers have been alerted to be on the lookout for Pandora, a white-chested, greyish-black falcon who was accidently blown off course by high winds during a training session in Ras Al Khaimah on Wednesday.

The tracking device attached to the six-year-old peregrine falcon is not working and there has been no trace of her since she gave chase to a drone as part of her training routine.

“We were training her to fly to a drone and then strong winds took the drone away and because she is trained to chase she obviously instinctively followed it and was carried away too,” said Mitchell Olivier, her trainer and head falconer at the Banyan Tree Al Wadi hotel in Ras Al Khaimah.

“Chasing the drone is good exercise for falcons because it teaches them to climb very high and gets them strong and fit very quickly. We attach tracking devices to the falcons that are similar to a GPS, but unfortunately there has been no signal.”

This is only the second time in Mr Olivier’s 12-year career as a professional falconer that he has seen a bird blown away by strong winds.

The last time was two years ago, but the missing falcon returned and was found in a nearby garden at the Banyan Tree resort.

Mr Olivier is hopeful Pandora will return when she tires of hunting for prey.

“Falcons sometimes get lazy and don’t want to catch food, then they will come back to the area where they last got food,” he said. “The next three days are crucial. I’m hoping she will find her way back by then.”

The Banyan Tree’s birds of prey include four peregrine falcons, two Harris hawks, one greater spotted eagle, four desert eagle owls and two barn owls.

The falconers team put out an alert on Facebook with a picture of Pandora with an appeal to anyone who spots her to call Banyan Tree Recreation on 050-6478971 or 050-6471886.

Having worked with her for three years, Mr Olivier describes Pandora as very vocal.

“I’m extremely attached to her. She weighs 1kg, makes lots of noise, loves to chase pigeons and has a very white chest,” he said.

“She is strong and fit because we trained her to hunt so she can survive. If she does not come back in a week then I will be despondent.”

The hotel’s falcons are housed in outdoor and indoor enclosures and usually taken inside during the summer.

The National Centre for Meteorology and Seismology had issued predictions of unstable weather over the past few days with winds in interior areas of between 22km and 45km per hour.

The bureau forecast an increase in cloud cover in the north causing fresh and strong winds to blow dust and sand, reducing visibility.

rtalwar@thenational.ae

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From: Ras Al Khaimah

Age: 50

Profession: Electronic engineer, worked with Etisalat for the past 20 years

Hobbies: 'Anything that involves exploration, hunting, fishing, mountaineering, the sea, hiking, scuba diving, and adventure sports'

Favourite quote: 'Life is so simple, enjoy it'

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Founded: 2014

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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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Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

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