Thu, Aug 13, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Institutional investors check on sexual harassment at portfolio-management firms

Monday, December 09, 2019

Laxman Pai, Opalesque Asia:

Probable sexual harassment at fund portfolio management firms is an increasingly important concern for institutional investors as they seek to allocate assets.

But, according to a survey, most investors are not asking money managers about their record on sexual harassment in the workplace, despite the scrutiny and the #MeToo movement.

A survey by the Investment Management Due Diligence Association (IMDDA) show that just over a quarter, or 26%, of the 78 due diligence officers from institutional investors surveyed by it said they specifically ask money managers about the firm's record of sexual harassment compared to 11% in the organization's 2018 survey.

However, 26% of allocators inquire about sexual harassment in a higher figure compared to just 11% in the previous survey (in 2018).

9% of allocators would still invest with a manager that has workplace sexual harassment issues, vs. 4% in the previous study.

45% of due diligence pros - vs. 18% in 2018 data -- said they would dig deeper if people said they do not wish to answer questions regarding sexual harassment.

The survey reports that 76% of investors say they look at social media data and lawsuit history for possible red flags involving sexual misconduct. That is up from 63% in the previous survey.

The risks of ignoring sexual harassment at investment management firms can be devastating for allocators. These risks include negative media coverage, reputational ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. GCM Grosvenor to merge with Cantor Fitzgerald SPAC, to go public[more]

    Laxman Pai, Opalesque Asia: GCM Grosvenor, a global alternative asset management solutions provider with approximately $57 billion in assets under management, is planning to go public by merging with a special purpose acquisition company backed by the financial-services firm Cantor Fitzgerald in

  2. Ocean Avenue Capital Partners wraps up the fourth fund at $350m[more]

    Laxman Pai, Opalesque Asia: California-based lower-middle market private equity firm Ocean Avenue Capital Partners (OACP) has closed its fourth fund at a hard cap of $350 million, beating its $300 million target. OACP, which manages approximately $1.3 billion of capital, expects that represe

  3. New Launches: Hedge-fund launches pick up despite Covid-19 pandemic, Taconic launches new credit fund, Deerfield raises another $2.5bn as investors flock to health care investments, Blackstone's second fund targeting GP stakes raises $3.5bn so far, Morgan Stanley IM targets greener recovery with Euro sustainable funds, UCL hits $131m first close for sophomore venture capital fund, Fulcrum launches climate change fund, Blackbird raises $356m fund, Crypto venture fund raises $110m from universities, Prime Capital launches Liquid Alternatives Credit fund of funds[more]

    Hedge-fund launches pick up despite Covid-19 pandemic From WSJ: Raising money for a new hedge fund long was contingent on a host of in-person meetings. But a slate of managers are launching sizable startup funds despite complications wrought by the new coronavirus. Hedge-fund man

  4. PE/VC: How private equity co-investments can accelerate investor returns following a crisis, Pandemic slowed private equity fund closings in first half, Private-equity giants inking more deals in Asia[more]

    How private equity co-investments can accelerate investor returns following a crisis Investing in a post-crisis period is never simple. The atmosphere of opportunity compels investors to put capital to work. However, where and how to best invest becomes more important than ever. P

  5. Investing: Viking Global slashes exposure to hot tech stocks, Warren Buffett may have bought back a record $7bn of Berkshire Hathaway stock in the past 3 months[more]

    Viking Global slashes exposure to hot tech stocks From Institutional Investor: Viking Global Investors in the second quarter sharply cut back on positions in at least three of the market's hottest tech and internet stocks, according to a regulatory filing made public late Friday afterno