FundFire – #MeToo Shakes Up Manager Due Diligence: Here’s What to Expect

Asset managers must prepare to address the inevitable due diligence queries about sexual harassment policies and past misconduct, as the #MeToo movement has prompted institutional investors and consultants to search more thoroughly for red flags and related business risks.

Already, at least two large pensions, the $355 billion California Public Employees’ Retirement System (CalPERS) and the $56 billion Los Angeles County Employees Retirement Association (LACERA) have ramped up their efforts surrounding sexual harassment due diligence for asset managers, as reported.