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Pension Funds Want to Know: Do You Have a #MeToo Problem?

  • Swedish fund may assess harassment policies in due diligence
  • One in ten investors has started asking about misconduct

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. Earlier this year, the $350 billion California Public Employees’ Retirement System updated its governance policies to urge companies to disclose more about sexual-harassment settlements and their preventative policies.