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TCW’s Jess Ravich Resigns From Board Amid Sexual Harassment Lawsuit

  • Tirschwell, ex-distressed manager, sued firm for $30 million
  • Investigation found ‘unprofessional communications,’ CEO says
Updated on

TCW Group’s Jess Ravich has resigned from the Los Angeles-based investment firm’s board after an investigation uncovered “unprofessional communications” between him and Sara Tirschwell, who is suing the money manager for alleged sexual harassment.

TCW, which oversees about $200 billion, replaced Ravich on its board with Penelope Foley, a portfolio manager specializing in emerging markets, the company said in a statement Thursday. Ravich is the head of alternatives at TCW.