Investment analyst loses account over ‘horrifying’ comments

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Colourful rich-lister Kenneth Fisher has just received a multimillion-dollar blow following an “absolutely horrifying” speech.

He said after hearing Mr Fisher’s comments his “jaw dropped” and he was like “a deer in the headlights” — and it was time to change that sort of behaviour.he didn’t see what all the fuss was about and claimed his words were taken out of context.

“Some of the words and phrases I used during a recent conference to make certain points were clearly wrong and I shouldn’t have made them,” he said.Billionaire Kenneth Fisher eventually apologised. Picture: LinkedInBut it was too little, too late, with the state of Michigan pulling $US600 million of its pension fund from Mr Fisher’s company as a direct result of the outcry.

Fisher Investments and the Michigan Department of Treasury’s Bureau of Investments had previously enjoyed a 15-year relationship, with the investment fund responsible for managing more than $US600 million of State of Michigan Retirement Systems funds.also reported similarly vulgar comments made by Mr Fisher at a 2018 conference in the US when he joked about the worst way to sell a mutual fund.

“ a little bit like walking into a bar and you are a single guy and want to get laid and walking up to some girl and saying: ‘Hey you want to have sex?’ You just turn yourself into a jerk.”

 

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