Key Takeaways
- • A former employee of Manhattan hedge fund Advent Capital Management, Courtney Robb, has filed a lawsuit alleging that male portfolio managers maintained a "Fuck, Marry, Kill" ranking of female co-workers and that she was fired after complaining.
- • Robb alleges she was moved from the "marry" to the "kill" category after complaining to CEO Terry Maitland, the fund's founder and chief investment officer, about a toxic, sexist environment.
- • Advent Capital said the complaint "does not fairly or accurately recount the facts," describing the firm as minority-owned and committed to diversity and inclusion.
- • The suit alleges comments about Chelsea Clinton, whose foundation was housed in the same building, including the remark that "On her best day, Chelsea Clinton is a three."
Summary
According to Robb's complaint, she was summoned to the office of Terry Maitland, the fund's founder and chief investment officer, within minutes of raising her concerns. The suit says Maitland characterized her complaints as "locker-room talk" and, when she suggested the firm prioritize female leadership, responded, "What do you want me to do? Hire more women? They just end up leaving to take care of kids!" The suit further alleges that a portfolio manager reporting directly to Maitland told colleagues Robb was "such an uptight bitch that she already was at 'wife' status," as reported by the New York Post.
The filing also alleges that Advent employees made disparaging remarks about Chelsea Clinton, whose foundation was located in the same office building. According to the suit, the same portfolio manager said, "On her best day, Chelsea Clinton is a three." Robb and two other women reportedly began wearing headphones to block out comments about their bodies, but the suit alleges Maitland then prohibited this, although male employees were still permitted to use them.
In a statement to the Post, an Advent spokesperson said the firm cannot comment on pending litigation but believes the complaint "does not fairly or accurately recount the facts." The spokesperson said Advent is a minority-owned firm committed to diversity and inclusion, noting Maitland is one of very few African-American hedge fund managers running his own firm. The allegations have not been tested in court.
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