TCW Group Inc, one of the largest U.S. asset managers, is being sued by a prominent female hedge fund manager who said she was fired in retaliation for complaining about being sexually harassed and “coerced” into sex by her boss.
Sara Tirschwell, a distressed debt specialist named last year by the Hedge Fund Journal as among the top women in her field, filed her $30 million complaint on Thursday in New York state court in Manhattan against TCW, Chief Executive David Lippman and Jess Ravich, TCW’s head of alternative products.
Tirschwell said in the complaint she was fired on Dec. 14, 2017, nine days after complaining about Ravich’s advances, on the pretext that she had violated TCW’s conflict of interest rules.
According to the complaint, Ravich joined TCW’s board 13 days later, “without TCW commencing, much less concluding, an investigation” into Tirschwell’s allegations.
“Ms. Tirschwell was dismissed for cause due to repeated, documented violations of firm policy, and had made no complaint of any kind before it was clear she was being dismissed,” TCW spokesman Doug Morris said in an email. “TCW is proud of its inclusive culture and has a zero tolerance policy for any form of predatory behavior.”