Famed healthcare manager Sam Isaly has been accused of sexually harassing women in the workplace.
Isaly, the founder and managing partner of OrbiMed Advisors, has denied the allegations reported by health industry publication Stat News yesterday.
OrbiMed Advisors, the $14 billion New York-based healthcare fund manager founded by Isaly, said it had hired a law firm to investigate the claims.
Stat News said its story was based on interviews with five people who had accused Isaly of harassing them directly or had witnessed the behavior.
To read the full Stat News story, click here.
According to the allegations, Isaly, the 72-year-old managing partner of OrbiMed, had shown hardcore pornography in the office, made lewd jokes and sexist comments and verbally abused female employees.
He is also alleged to have kept a set of breast implants on his desk that he would use as a stress ball, according to Stat News.
In a statement OrbiMed said: ‘The incidents cited are concerning and OrbiMed has retained the services of an outside independent law firm to investigate the matter. OrbiMed takes gender equality seriously and wishes to encourage a supportive work environment and equal opportunity for all employees.’
Since his teens Isaly has been confined to a wheelchair after a wrestling incident left him paralyzed.
Barron’s magazine has recognized him as the only US fund manager to beat the S&P 500 for 25 consecutive years to 30 November 2015.
Isaly discussed his career and his background in a recent interview with Citywire USA's sister title Investment Trust Insider.
However, due to increased institutional inflows into other strategies it ran, OrbiMed stopped away from this role and instead provided only research services to the fund, with Eaton Vance's Jason Kritzer and Samantha Pandolfi taking on the investment management.