Actor Sean Penn, founder of Community Organized Relief Effort (CORE), sits for an interview at a CORE coronavirus testing site at Crenshaw Christian Centre, Friday, Aug. 21, 2020, in Los Angeles. AP / Chris Pizzello
Actor Sean Penn, founder of Community Organized Relief Effort (CORE), sits for an interview at a CORE coronavirus testing site at Crenshaw Christian Centre, Friday, Aug. 21, 2020, in Los Angeles. AP / Chris Pizzello
Actor Sean Penn, founder of Community Organized Relief Effort (CORE), sits for an interview at a CORE coronavirus testing site at Crenshaw Christian Centre, Friday, Aug. 21, 2020, in Los Angeles. AP / Chris Pizzello
Actor Sean Penn, founder of Community Organized Relief Effort (CORE), sits for an interview at a CORE coronavirus testing site at Crenshaw Christian Centre, Friday, Aug. 21, 2020, in Los Angeles. AP /

Sean Penn's organisation has administered 1.3 million Covid-19 tests


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Sean Penn has expanded his fight against the coronavirus in the United States beyond his own expectations.

The Oscar winner’s disaster relief organisation CORE has gone from providing 6,500 tests in a couple of weeks to administering more than 1.3 million within a five-month span. The organisation started at four sites in Los Angeles and currently operates in 32 locations in cities including New York, Atlanta, Chicago, Detroit, New Orleans and Washington, D.C.

The organisation, which started as an international relief group, had initially planned to operate testing sites in Los Angeles for three months. It's now expanding its services and bracing for the winter months, when the virus could surge and strain resources.

CORE, which stands for Community Organised Relief Effort, has since late March grown to 900 staff and volunteers. It has been testing an average of 15,000 people per day in Los Angeles since May 26, CORE officials said.

Penn applauded the efforts of those who have willingly helped his organisation during the pandemic. “We were able to come in and absorb some sites then expand out to other sites,” Penn said in a recent interview, while CORE workers wore hazard suits to distribute tests at a free drive-thru COVID-19 test site in Los Angeles.

The organisation is focused on giving free tests to low-income groups and communities along with first responders and essential workers.

“We recruited very quickly at the beginning, because people wanted to help,” he said. “They feel there’s an energy that’s going to make a real impact.”

Penn’s organisation has already implemented their own guidelines called “The Core 8” to combat the virus. It includes delivering test results within 48 hours, a government-supported contact tracing system, food and hygiene kits along with financial aid for households with positive case results.

The actor hopes CORE’s initiative can help slow the spread of the virus, especially before more people gather indoors due to colder temperatures. He’s concerned about the possible lack of resources if positive cases increase.

“So where are we really in the national inventory?” he asked. “Where are we in terms of the deployment of those resources in the case of big surges? I don’t think any of us know.”

CORE has garnered much of its resources through citizen support and local governments along with private and nonprofit sectors including the Rockefeller Foundation and Direct Relief. A few months ago, CORE teamed up with Los Angeles Mayor Eric Garcetti’s office and the city’s fire department to safely distribute free drive-thru COVID-19 test sites for those with qualifying symptoms.

“But that’s not a sustainable model,” said Ann Lee, co-founder and CEO of CORE, which also stepped in to help rebuild Haiti after the 2010 earthquake and the devastating Hurricane Matthew. She thought CORE's virus testing would last only three months as a bridge until government-funded programmes took over.

Ann Lee, left, CEO of Community Organized Relief Effort (CORE), and founder Sean Penn. AP
Ann Lee, left, CEO of Community Organized Relief Effort (CORE), and founder Sean Penn. AP

“If we’re looking at providing one fiftieth of the tests in the United States, as mostly through private donations, that says something. That’s scary,” she said. “We’re in a space asking, ‘Where’s the government?’ For us to keep this up sustainably, that’s becoming more and more of an important question.”

Despite their concerns, Penn said watching the workers at testing sites gives him hope. “They’re out on on these tarmacs hour after hour, day after day, six days a week,” he said. “It’s growing and they just keep at it. So you can only have some kind of hope.”

The biog

Job: Fitness entrepreneur, body-builder and trainer

Favourite superhero: Batman

Favourite quote: We must become the change we want to see, by Mahatma Gandhi.

Favourite car: Lamborghini

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

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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