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:

Billionaire Fisher's Sexual Comments Offend Many At Tiburon Conference

Ken Fisher Banned From Future Tiburon Conferences After Boorish Remarks

Ken Fisher's Lewd Comments Brought Conference Culture Onto The Stage

Fisher Investments CEO Says Firm To Start Diversity Task Force

This article provided by Bloomberg News.


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