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Research Affiliates launches benchmarks linked to gender diversity

first_imgShe added that cognitive diversity “has long been a driving force behind our research agenda and management practices”.“We believe this focus creates an environment that promotes collective intelligence and ultimately strengthens the foundation of our firm,” the CEO said.The new indices use a gender leadership diversity methodology developed by LeaderXXchange, an organisation promoting diversity and sustainability at companies.This methodology in turn uses publicly available data from companies as well as data from ESG information firm Vigeo Eiris.Sophie L’Helias, president of LeaderXXchange, said studies showed that companies with greater percentages of women in leadership had the potential to improve financial performance.“When women are underrepresented in leadership, the company can be less equipped to handle business challenges, understand customer needs, and approach problems from a different perspective,” she said.Research Affiliates has signed an exclusive distribution deal with BNP Paribas to market structured products linked to the new indices. Research Affiliates has created a new fundamental investment strategy based on an index that takes companies’ gender diversity into account.Announcing the launch of its RAFI Diversity & Governance strategy, the California-based investment management firm – a pioneer in smart beta investing – said the product combined gender diversity data with governance and financial discipline metrics “to seek positive investment outcomes”.Katy Sherrerd, CEO of Research Affiliates, said: “Research shows that diverse teams who embrace collective intelligence make better decisions and are more innovative. Validating this finding in investment returns is handicapped by the lack of data.“For RAFI Diversity & Governance, we combine diversity with other measures, particularly financial discipline, to create a better proxy for sound management practices, robust corporate governance, and a healthy company culture.”last_img read more

Saints coach Sean Payton says he tested positive for coronavirus

first_imgESPN reported Payton took a test Monday and received his results Thursday after not feeling well Sunday. He does not have a fever or a cough but is experiencing fatigue. He will be quarantined at home through the weekend. The report notes Payton is “upbeat and optimistic about a full recovery.”Payton, 56, has served as New Orleans’ coach since 2006.MORE: Tracking coronavirus cases in sports”This is not just about social distancing,” Payton told ESPN. “It’s shutting down here for a week to two weeks. If people understand the curve, and understand the bump, we can easily work together as a country to reduce it. Take a minute to understand what the experts are saying. It’s not complicated to do what they’re asking of us. Just that type of small investment by every one of us will have a dramatic impact.”I was fortunate to be in the minority, without the serious side effects that some have. I’m lucky. Younger people feel like they can handle this, but they can be a carrier to someone who can’t handle it. So we all need to do our part. It’s important for every one of us to do our part.”The concern with Louisiana is the amount of people that come in and out of this area after Mardi Gras season. This is an area that doctors are concerned about. So our parents, and those that are more susceptible to this virus, deserve everyone doing their best to combat it.”There are hundreds of people right now in tough predicaments, fighting for their lives. Let’s be part of the solution, not the problem. We can easily help reduce the numbers of those impacted. We have to do our best to beat this and I know we can.” Sean Payton has tested positive for the coronavirus, making the Saints coach the first person in the NFL known to have contracted the virus.How and when Payton became infected with COVID-19 is unclear. (Getty Images) https://images.daznservices.com/di/library/sporting_news/33/72/sean-payton-123019-getty-ftr_1t14njb3soy2c136rfugx5bp3i.jpg?t=1466738607&w=500&quality=80 Payton confirmed his quarantine status in a tweet Thursday afternoon. Appreciate the well wishes. I’m feeling better and fortunate to not have any of the respiratory symptoms. 4 more days at home.#BEATCovid pic.twitter.com/vvjbnqoeZx— Sean Payton (@SeanPayton) March 19, 2020NFL offseason programs have been delayed because of the coronavirus pandemic, and new guidelines were introduced around the free agency period that began Wednesday.Teams have been told to close their facilities to players, other than those undergoing medically supervised rehab, for the next two weeks.”Based on the most recent guidance provided by leading health officials, and in consultation with the NFLPA and both our and the union’s medical advisors, we believe this is the appropriate way to protect the health of our players, staff, and our communities,” NFL commissioner Roger Goodell said in a statement. “We will continue to make decisions based on the best advice from medical and public health experts and will be prepared to make further modifications as needed.”last_img read more