Fisher Investments outflows surpass $2.5 billion as Los Angeles pension departs

Fisher Investments outflows surpass $2.5 billion as Los Angeles pension departs

The Los Angeles Fire and Police Pension System voted on Thursday to fire Fisher Investments, pulling about $522 million from the money manager.
The nine-member board of commissioners voted in favor of terminating the relationship with the Camas, Washington-based firm, following lewd comments Ken Fisher had made at an investment conference on Oct. 8.
The Los Angeles pension has $24 billion in total…

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