October 24, 2019 / 7:08 PM / 19 days ago

Los Angeles pension system votes to terminate Fisher Investments

BOSTON, Oct 24 (Reuters) - Los Angeles’ fire and police pension system voted to terminate Fisher Investments on Thursday over allegedly sexist comments made by firm founder Ken Fisher earlier this month.

A majority of the system’s nine commissioners voted during a webcast meeting to remove about $500 million under management with Fisher, though several members voiced concerns about the costs involved and suggested diversity improvements Fisher might make instead.

Reporting by Ross Kerber Editing by Chris Reese

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