Umbrella palm (Cyperus alternifolius) is a great pond and bog plant. Easy to grow, divide and also propagate. This is one way to avoid the high cost of pond and bog plants. If you know someone who has a mature plant, take a stem cutting, trim the leaves down to about one-inch in length and float it upside down in a dish of water. It will grow roots and can be planted after a new stem appears. Another way is to simply take a stem and bend it over enough for the 'umbrella' to float, upside down at the water's surface. You can either trim the leaves or leave them long as I did in my photos. Image two shows the stem bent over. Image three shows the roots and new plant emerging from the water. Good luck!
Stephen
Stephen