Sexual misconduct allegations at a prominent New York asset manager have ignited a multimillion-dollar legal dispute that offers a revealing insight into the inner workings of the business.
GoldenTree Asset Management, a hedge fund that manages $47bn of credit market investments on behalf of public pension funds and other institutional clients, fired its chief operating officer William Christian at the beginning of 2020.
His dismissal came during the early stages of an internal investigation that detailed a litany of misconduct by Christian, including misuse of an expense account, lying to management about his affair with a more junior colleague, and showing an obscene selfie to a colleague.
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