Sexual harassment allegations spark review, meeting at Fidelity: WSJ

Fidelity Investments has hired a consulting firm to review employee behavior on charges of sexual harassment by US money managers over the past few years, the Wall Street Journal reported Sunday.

Brian Hogan, president of Fidelity's inventory selection department, held an emergency meeting on Monday afternoon to highlight the company's "zero tolerance policy" of inappropriate workplace behavior, including employees and sexual harassment. .

Spokesman Vincent Loporchio said in a statement Sunday, "Fidelity's policy prohibits all forms of harassment." "If this kind of charge catches our attention, we investigate immediately and take prompt and appropriate action."

Earlier this month, the journal reported that Gavin Baker, a well-known stock picker in Fidelity, was found to be sexually harassing middle school female employees. Baker denied the charges through a spokesman.

Privately owned Fidelity is one of the world's largest investment managers, managing more than 40,000 employees and approximately $ 2.5 trillion in assets. Best known for the stability of actively managed mutual funds, including over $ 10 billion in Contrafund.