Michigan Pulls $600 Million From Ken Fisher After Lewd Remarks
- Backlash after billionaire investor’s comments at conference
- Other customers are evaluating relationship with Fisher
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The State of Michigan Retirement Fund’s pension account, worth more than $70 billion, ended its relationship with the investment firm of Ken Fisher in the latest backlash to offensive remarks the billionaire made this week at a conference.
Fisher has apologized for sexist and off-color remarks he made at the Tiburon CEO summit in San Francisco, but it hasn’t stopped the outrage.