Is there a Harvey Weinstein of Wall Street? The money and investing world has largely avoided the recent wave of sexual harassment and assault allegations rocking media, politics, tech and entertainment. It seems unlikely that banks and fund managers doesn’t have a proportional amount of unacceptable behavior. The suggestions I’ve heard for why more names haven’t come out are myriad: Richer settlements? Stricter NDAs? Less women in the industry? Lessons learned from past scandals? Low expectations? A few ramifications nonetheless surfaced in finance this week: OrbiMed’s Samuel Isaly stepped down following a report of bad behavior by health and medicine publication STAT, Morgan Stanley fired Harold Ford Jr. for misconduct and, in Silicon Valley, Uber investor Shervin Pishevar took a leave of absence amid misconduct claims (all three men deny the allegations). More to come?
More recent big money news from around Reuters:
- Hedge fund Tudor shuts one portfolio; Jones to play bigger role
- Fear of missing out keeps investors in stocks despite risks
- Hedge funds stick to US curve bets but conviction ebbs
- Political risk on Wall Street? Buy the dip!
- Gundlach says 'strange environment' to be cutting U.S. corporate taxes
- U.S. counters hedge fund's attack on Puerto Rico oversight board
- Venezuela bondholders meeting ended without pact on strategy
- Emerging markets debt is so hot, some investors can’t get enough
- Short-seller Muddy Waters bets against OSI Systems
- Baupost expected to make quick profit in Westinghouse bankruptcy
- Dover to spin off upstream energy businesses after Loeb push
- Paul Singer’s Elliott takes stake in takeover target Uniper
- Under TCI pressure, LSE to hold vote on chairman
- Europe's performance-fee funds offer a potholed route to riches
- Whitbread jumps after hedge fund Sachem Head declares stake
- Hedge fund Marcato shifts proxy fight tactics at UGG maker Deckers
- Soros-backed GlenPoint opens New York office, co-founder to relocate
- Nippon Life to buy 25 percent of U.S. asset manager TCW from Carlyle
- Italy's Carige to sell consumer credit arm to Chenavari
- China's HNA pushes back against liquidity concerns, won't sell assets 'blindly'
- After dramatic gains, bitcoin tumbles 20 percent in 10 hours
- U.S. prosecutors could take Shkreli's Wu Tang Clan album, Picasso
As Lawrence Delevingne Reporter | Reuters @ldelevingne lawrence.delevingne@tr.com
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