October 15, 2019 / 6:36 PM / 2 months ago

Philadelphia pension board drops Fisher Investments over comments-city spokesman

BOSTON, Oct 15 (Reuters) - Philadelphia’s board of pensions has terminated Fisher Investments as an investment manager because of “inappropriate statements” the firm’s executive chairman Ken Fisher made at a conference last week, a city spokesman said on Tuesday.

The city’s retirement system had roughly $54 million under management with Fisher, the spokesman said.

Reporting by Ross Kerber Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below