Investors continue fleeing Camas firm after Ken Fisher's sexist comments
Major investment funds are continuing to pull their money out of Camas wealth management firm Fisher Investments following Chairman Ken Fisher’s sexist comments at a conference in San Francisco last week.
The cities of Philadelphia and Boston both pulled their money from Fisher Investments this week and Fidelity Investments said it is reviewing its relationship with the Camas firm. Michigan took $600 million in pension funds from Fisher last Thursday.
Fisher came under fire after he made a string of sexist comments at a private investment conference. Attendees reported that he compared the process of winning a client’s trust to “trying to get into a girl’s pants” and that he made references to genitalia, drug use and pedophile financier Jeffrey Epstein during his talk.
Critics in the financial services field said Fisher’s comments exacerbated a longstanding perception that the industry was unwelcoming to women.
Read more: https://www.oregonlive.com/business/2019/10/investors-continue-fleeing-camas-firm-after-ken-fishers-sexist-comments.html
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