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Fidelity cuts ties with Money Manager Ken Fisher over sexually-charged comments
Fox Business News ^ | 10/21/2019 | Jonathan Garber

Posted on 10/22/2019 7:25:38 PM PDT by SeekAndFind

Ken Fisher’s sexually-charged speech at a San Francisco conference earlier this month has cost the money manager another big investor.

On Monday, Fidelity ended its relationship with Fisher Investments, saying it has decided to reallocate assets within its Strategic Advisers Small-Mid Cap Fund that were previously run by Fisher.

Fisher Investments did not immediately respond to FOX Business' request for comment.

Fidelity became at least the third big investor to pull its money from Fisher, who manages $112 billion. Last week, the Michigan Treasury Department withdrew $600 million of the state’s pension fund from Fisher Investments due to the money manager’s “completely unacceptable comments.” Four days later, the Iowa Public Employees Retirement System withdrew $386 million.

Fisher, while speaking last week at a Tiburon Strategic Advisers event, compared wooing money-management clients with "trying to get into a girl's pants." Tiburon also cut ties with Fisher for life.

After first expressing dismay over the criticism he received for making the comments, Fisher apologized for the sexual innuendos.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Society
KEYWORDS: fidelity; investments; kenfisher
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1 posted on 10/22/2019 7:25:38 PM PDT by SeekAndFind
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To: SeekAndFind

compared wooing money-management clients with “trying to get into a girl’s pants.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

THIS caused all that? It’s been that way since Adam and Eve.

We really have turned into a snowflake nation.


2 posted on 10/22/2019 7:29:06 PM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
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To: SeekAndFind

Oh, no! We’ll never be the same after these comments! /s


3 posted on 10/22/2019 7:29:28 PM PDT by Crucial
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To: Lurkinanloomin

Snowflake Nation - I like it. It’s very accurate.


4 posted on 10/22/2019 7:30:22 PM PDT by Crucial
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To: SeekAndFind

He’s not wrong.


5 posted on 10/22/2019 7:32:37 PM PDT by Drango (1776 = 2020)
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To: SeekAndFind

That’s a “sexually charged comment”?

Those guys don’t get out much, huh?


6 posted on 10/22/2019 7:34:33 PM PDT by Jim Noble (There is nothing racist in stating plainly what most people already know)
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To: SeekAndFind

This is absolutely absurd.


7 posted on 10/22/2019 7:34:35 PM PDT by youngidiot (God save the President!)
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To: Lurkinanloomin

No kidding. I am glad that I spend my days working outside with animals. The older that I get, the less that I can stand (most) people. This kind of nonsense only speeds up the process.


8 posted on 10/22/2019 7:35:23 PM PDT by Troublemaker
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To: Jim Noble

lol


9 posted on 10/22/2019 7:36:36 PM PDT by dp0622 (Radicals, racists Don't point fingers at me I'm a small town white boy Just tryin' to make ends meet)
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To: SeekAndFind

This is more corporate social justice horsesh**.

The diversity (snowflake) managers at these outfits must have went into apoplexy after his comments.


10 posted on 10/22/2019 7:38:14 PM PDT by headstamp 2 (There's a stairway to heaven, but there's a highway to hell.)
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To: SeekAndFind

There has to be more to this. Somebody just wanted this man out of this position of influence. His remarks were a little racy, but come on! People have become pretentiously prudish and provincial here lately. What year are we in, 1918?

One source feigns ‘shock’, and the other idiots fall over themselves yelling #Me Too!! I’ve heard women talk worse than this in a public forum.
**I have a few thousand dollars in a Fidelity IRA.
Maybe I should voice my ‘concern’ about them.


11 posted on 10/22/2019 7:46:38 PM PDT by lee martell
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To: Troublemaker

Animals are better than a lot of people. Lucky you. The most relaxing part of my day is coming home from school & loading our dog into the car for a 5 minute drive to the lake. So peaceful. Today I found two shells & a quarter ; )


12 posted on 10/22/2019 7:47:38 PM PDT by leaning conservative (snow coming, school cancelled, yayyyyyyyyy!!!!!!!!!!!)
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To: Lurkinanloomin

“We really have turned into a snowflake nation.”

Sigh, it’s so much worse than that. Society has completely lost all sense of proportion, everything is seemingly spinning out of control!


13 posted on 10/22/2019 7:47:48 PM PDT by jocon307
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To: SeekAndFind

If Fidelity is investing their clients money with Fisher, maybe those same clients should invest directly with Fisher Investments and cut Fidelity out of the loop.

This may wind up being a boost for Fisher Investments.


14 posted on 10/22/2019 7:52:56 PM PDT by WASCWatch
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To: leaning conservative

Nice (thumbs up)


15 posted on 10/22/2019 7:55:39 PM PDT by Troublemaker
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To: Jim Noble

If he’d said ‘trying to get in a young guy’s pants’ it would’ve been protected speech.


16 posted on 10/22/2019 7:56:19 PM PDT by a fool in paradise (Recall that unqualified Hillary Clinton sat on the board of Wal-Mart when Bill Clinton was governor)
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To: SeekAndFind

I don’t there’s any pitch that would help him.


17 posted on 10/22/2019 7:56:59 PM PDT by Bethaneidh
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To: SeekAndFind

Abigail Johnson, CEO of Fidelity, flexing her muscles.

https://en.wikipedia.org/wiki/Abigail_Johnson#Fidelity_Investments


18 posted on 10/22/2019 7:59:43 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: SeekAndFind

Yikes, with that mug, I’m sure he always struggled to “get into a girl’s pants.” He probably doesn’t even know what it’s like.

I’d say that was a lot more than mere “innuendo.”


19 posted on 10/22/2019 8:05:49 PM PDT by ProtectOurFreedom
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To: Lurkinanloomin

He should have said “getting into a boy’s pants” and then he would be hailed as a hero.


20 posted on 10/22/2019 8:11:54 PM PDT by entropy12 (You are either for free enterprise or for government price fixing. Can't be for both as convenient.)
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