A number of his firm’s clients, including large institutions, may reevaluate their relationship with the investor after the lewd comments. Besides public employee pension funds like those in Michigan and Iowa -- which has called his remarks “concerning” -- Fisher Investments manages 401(k) plans for dozens of companies.
In a letter to employees on Friday, Fisher Investments Chief Executive Officer Damian Ornani said the firm plans to start a diversity and inclusion task force.
More on Ken Fisher:
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Fisher Investments CEO Says Firm To Start Diversity Task Force
This article provided by Bloomberg News.