Hedge Funds Not Immune To Sex Discrimination

Filed in archive Hedgetalk on March 11, 2008

Gill Switalski and
husband Andrew Wright

Gill Switalski, a city lawyer and head of legal affairs at F&C Asset Management is talking to lawyers about a record compensation payout of £13.4 million ($27 million).

The mother of 2 special needs children had to leave her career after being subjected to 18 months of sexual discrimination and harassment, according to an employment tribunal.

Switalski was previously named as one of the legal world's "Hot 100" and must be paid compensation over her claims that she was undermined, undervalued, bullied and marginalised by the company, the tribunal said. Switalski sold her family's £3.4million ($6.8 million) home to help pay for her legal battle against the hedge fund manager.

F&C, which currently manages £102 billion ($205.8 billion), has lodged an appeal denying Switalski's claims.

More at; Hedge Fund Manager Under Record Attack For Discrimination