The real estate investment arm of Quebec's pension fund manager is distancing itself from a British partner whose owner is at the heart of a sexual misconduct scandal making waves across the United Kingdom.
Ivanhoe Cambridge confirmed to The Canadian Press on Sunday that it was halting future investments with London-based real estate company Residential Land, which is owned by Bruce Ritchie.
Ritchie has made headlines as one of the co-chairs of the Presidents Club, which was plunged into scandal after an investigation by the Financial Times claimed that women were harassed and groped at an exclusive fundraising event hosted by the club in January.
Two journalists from the British daily went undercover to the event, which was attended by about 360 male guests, many of them from the business and political world.
They allege the hostesses hired by the club were subjected to inappropriate touching as well as sexual harassment at the Jan. 18 all-male charity event.
Ritchie was not directly accused of misconduct in the report.