The
hedge
fund
industry
is
not
exactly
known
for
prizing
a
healthy
work-life
balance.
But
Genesis
Investment
Management
is
different.
It
just
wants
its
people
to
relax.
Chill
out.
Not
take
everything
so
goddamned
seriously.
I
mean,
YOLO,
right?
And
who
wants
to
spend
that
one
life
engaged
in
endless
drudgery
in
some
stuffy
office
trying
to
make
a
few
extra
basis
points
for
clients?
Well,
Sedef
Koktenturk,
for
one.
An
sent
by
Koktenturk’s
line
manager
to
another
colleague
referred
to
her
“irrational”
hours,
which
perhaps
“comes
from
Goldman.”
Chris
Ellyatt,
the
Genesis
managing
director
who
sent
the
email,
said
in
a
witness
statement
that
his
comment
about
“this
not
being
Goldman
Sachs”
was
entirely
related
to
her
not
needing
to
put
in
“silly
hours.”“The
fact
that
Sedef
had
previously
worked
at
Goldman
Sachs
did
not
give
me
a
pre-determined
view
of
her,”
Ellyatt
said
in
the
statement.
“That
said,
in
the
finance
industry
it
is
well
understood
that
Goldman
Sachs
has
a
unique
culture
and
it
demands
much
of
its
employees
—
there
is
a
very
strong
‘presenteeism’
ethic
which
we
do
not
have
at
Genesis.”
Of
course,
one
might
suggest
that
Koktenturk
made
abundantly
clear
what
kind
of
worker
she
was:
After
all,
in
addition
to
her
time
at
Goldman
Sachs,
she’s
also
an
Olympian,
and
you
don’t
usually
make
it
to
the
Olympics
without
a
certain
degree
of
“presenteeism.”
One
might
even
suggest
that
if
a
firm
does
not
care
for
the
sort
of
work
ethic
they
instill
at
Goldman
(or,
at
least,
the
work
ethic
they
used
to
instill
at
Goldman)
to
the
extent
of
(allegedly)
asking
Goldman
vets
to
scrub
the
firm’s
name
from
their
résumés,
one
shouldn’t
hire
people
from
Goldman.
Koktenturk,
however,
has
a
different
sense
of
the
sort
of
people
they
don’t
like
hiring
at
Genesis,
and
they
are
far
more
numerous
than
the
former
Elect.
Sedef
Koktenturk
sued
London-based
Genesis
Investment
Management
for
sex
discrimination
after
she
was
fired
following
informal
complaints
about
her
management
style.She
alleged
in
the
suit
that
the
fund
applied
double-standards
when
it
came
to
the
behavior
of
her
and
her
male
colleagues,
and
that
if
she
were
a
man,
her
“success
and
direct
approach”
would
have
been
prized
by
the
firm.
Genesis
denies
the
claim
and
is
defending
the
suit.
She
also
suggests
that
if
you’re
looking
for
a
place
to
park
your
money,
Genesis
might
not
be
the
best
destination,
particularly
if
you’d
like
that
money
to
make
as
much
additional
money
for
you
as
possible,
the
traditional
reason
for
investing
in
a
hedge
fund.
In
her
witness
statement,
she
said
Genesis
partners
tried
to
distinguish
it
“from
the
Goldman
Sachs
(and
the
traditional
city)
emphasis
on
long
hours,
hard
work
and
high
expectations.”
Yet
nobody
told
her
anything
along
the
lines
that
Genesis
didn’t
push
people
too
hard
and
that
having
a
happy
team
was
prioritized,
she
said.“Ultimately,
Genesis
is
an
asset
management
company,
and,
like
any
asset
management
company,
their
number
one
priority
is
making
money,”
Koktenturk
said.
According
to
the
transcript,
she
left
the
“or
is
it?”
unsaid.
Ex-Goldman
Banker
Says
Fund
Told
Her
to
Cut
Firm
From
Her
Resume
[Bloomberg
via
Yahoo]
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