“Ken Fisher made completely unacceptable comments,” the chief investment officer of Michigan's pension fund says.
Ken Fisher’s eponymous wealth-management fund is $600 million poorer after the state of Michigan reportedly pulled its pension fund amid a furor over his sexually offensive comments.
“Ken Fisher made completely unacceptable comments,” Michigan pension fund CIO Jon Braeutigam said in the letter, which CNBC published. On Tuesday, Fisher told attendees at the Tiburon CEO Summit in San Francisco that winning clients was like “trying to get into a girl’s pants,” and talked about genitalia, according to multiple reports and leaked audio.After initially saying he did not understand the response, Fisher issued an apology Thursday.
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