US. Pension funds lead charge to expose Wall St sexual offences
Wall Street has so far been relatively unscathed by the #MeToo movement — but that could soon change as several large investors take a hard line on sexual misconduct and put asset managers under a microscope.
Instead of waiting for harassment cases to surface on their own, two public pensions in California are taking matters into their own hands and urging asset managers to disclose their history of harassment cases and settlements.
Calpers, the largest US public pension fund with $355bn in assets, said in May it would ask managers — including those it employs to manage its money and those in which it owns a stake — to report all such settlements to the board.
Read More: Financial Times
