For the first time this year, a trade association of “due diligence professionals” asked its members whether they were thinking about the risks posed by sexual misconduct. About 11 percent of survey respondents said they've started questioning prospective fund managers about sexual harassment. (Photo: Shutterstock)
(Bloomberg) –Pension fund managers are starting to see sexual harassment as a material risk to their investments, and they're going to be asking more questions.
AP2, a $38.5 billion Swedish state pension fund, is considering ways to evaluate private equity firms on their policies around the issue, making it one of the biggest international investors put sexual misconduct on its radar for due diligence.
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