(Bloomberg) Investors are failing to ask fund managers about sexual misconduct claims and discovering such evidence wouldn’t necessarily deter them from committing capital to firms, an industry group found. In its first survey focusing on #MeToo risk in the fund industry, the Investment Management Due Diligence Association found that almost 90 percent of respondents do not specifically inquire about sexual harassment when interviewing prospective managers to oversee assets.
MeToo Risks Among Fund Managers Are Being Ignored by Investors
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