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Steven Cohen's Hedge Fund 'Emphatically Denies' Sex Discrimination Claims in ...

Lauren Bonner, an associate director at the firm, also accused President Doug Haynes of using an inappropriate term on a white board in his office and leaving it there for weeks, according to the complaint filed in federal court in New York on Monday.

Haynes, a former McKinsey & Co. director, was hired in 2014 and led efforts to revamp Cohen’s business after it pleaded guilty to securities fraud and paid a record fine.

Our female investment professional workforce exceeds published industry averages — a direct result of our concerted and sustained focus on promoting diversity at Point72.”

Until January, Cohen had been banned for two years from trading client money after his old Hedge Fund agreed in 2013 to pay a $1.8 billion fine to U.S. authorities.

Bonner’s accusations come as the #MeToo movement spreads across industries, prompting women to share their stories of sexual misconduct and gender inequity.

Last year, Ray Dalio, the billionaire founder of Bridgewater Associates, defended his top executive Greg Jensen from allegations of a personal relationship with a female employee, saying he’s a “man of high character.” Fidelity Investments fired two prominent money managers over sexual-harassment claims, while State Street Corp.(stt) agreed to pay $5 million to settle federal allegations that it paid 300 female executives less than their male colleagues.

Bonner said that even after she complained internally about Gorre for “offensive and inappropriate behavior,” he was still allowed to sit on a committee that determined if she would be promoted.

READ MORE (Fortune)

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  • Steven Cohen's Investment Firm Accused of Hostility to WomenNew York Times
  • Steven Cohen's hedge fund firm discriminated against women who were underpaid ...New York Daily News
  • Steven Cohen's Point72 Sued for 'Structural Sexism' by Current EmployeeObserver
  • Steven A. Cohen Accused of Running a Sexist Hedge FundCourthouse News Service
  • A female executive at Steve Cohen's investment firm says it created a hostile ...Business Insider

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Steven Cohen's Hedge Fund 'Emphatically Denies' Sex Discrimination Claims in ...


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