Ken Fisher is under fire for remarks he made during a closed door investor’s meeting last week. Comments where he compared the process of getting to know a client to being like getting into a girl’s pants, have caused a stir throughout the financial industry. Fisher later apologized for his words in a statement.
However, this is not the first time that the investment analyst and founder and chairman of Fisher Investments has made these type of statements. Just last year during a conference, he brought up sexual innuendo when referring to the financial services industry.
Listen to Fisher’s comments from last week’s closed door meeting, as well as others he has made in the past below.
Since Fisher’s remarks were made public, his firm has suffered an almost $1 billion hit. On Wednesday, The City of Boston’s pension board pulled $248 million from Fisher Investments. Earlier in the week, the State of Michigan Retirement Fund’s pension account ended its relationship with Fisher’s firm, which managed $600 million for the state. The Philadelphia Board of Pensions also plans to divest $54 million in assets from Fisher.
Fisher Investments currently manages about $112 billion. As of the end of 2018, $10.9 billion of that is on behalf of 36 state or municipal government entities, including pension plans. That figure is down from $13.2 billion at the end of 2017.
