Fri, Jan 28, 2022
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. SPACs: Mobile commerce platform Rezolve to go public via $2bn SPAC deal, Malaysia's securities regulator cuts minimum fundraising for SPAC IPOs, raises price, Travel technology firm Mondee nears $1bn SPAC deal to go public, Italy's Zegna to start trading on NYSE from Dec. 20 after SPAC merger, New SPAC raises $230m to target real estate or mortgage fintech[more]

    Mobile commerce platform Rezolve to go public via $2bn SPAC deal From Reuters: Mobile commerce platform Rezolve said on Friday it will list in New York through a merger with a blank-check firm backed by billionaire Betsy Cohen, in a deal valuing the combined company at about $2 billion

  2. Tech: AI argues for and against itself in Oxford Union debate, 15% of Dutch pension funds fall victim to cyber crime, The fight to control the metaverse: Crypto die-hards prepare for battle with Facebook and Big Tech[more]

    AI argues for and against itself in Oxford Union debate From BBC: The Oxford Union has heard from many great debaters over the years, but this week added an artificial intelligence engine to its distinguished speakers. The AI argued that the only way to stop such tech becoming to

  3. PE/VC: SOKA-BAU to raise private markets allocation with first move in private debt, Biotech deals tumble to lowest in a decade over regulatory fears[more]

    SOKA-BAU to raise private markets allocation with first move in private debt From IPE: SOKA-BAU, the German umbrella organisation of the two pension funds for the employees in the construction industry ULAK and ZVK, is targeting an allocation to private markets of 15%, up from the curr

  4. New Launches: Goldman collects $5bn for Petershill IV, OSF Ventures launches third and largest venture capital fund, London growth investor Sprints Capital raises $602m for new technology fund, BlackRock launches two new active Climate Action funds, Edtech-focused Owl Ventures raises over $1bn across three funds[more]

    Goldman collects $5bn for Petershill IV From PE News: Goldman Sachs Asset Management has made a final close of its Petershill IV fund, the fourth vintage of its GP stakes growth-focused private equity funds. The firm said the fund had been oversubscribed with commitments mostly c

  5. PE/VC: A record year in private equity drives competition for lucrative industries, The power law - how venture capital ate the stock market, Europe's unicorn herd multiplies as VC investment more than doubled in 2021, Platform private equity deals could be 'fraught with risk'[more]

    A record year in private equity drives competition for lucrative industries From Institutional Investor: With more private equity capital available than ever before, valuations are high - and competition is even higher. According to PitchBook's 2021 annual PE breakdown report, which wa