A disgruntled investment manager who was fired from Putnam Investments has slapped her former employer with a $25 million sex-discrimination lawsuit, accusing the firm of fomenting a chauvinistic work atmosphere, the Associated Press reports.

Lisa Svensson, who managed Putnam's Global Natural Resources Fund until 2003, said the company systematically blocked women from advancing to senior positions and criticized her when she sought promotions.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.