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Goldman Joins Retreat From Fisher's Firm After His Remarks

  • Fidelity, state and city pensions exited Fisher Investments
  • Clients pulled more than $2.7 billion since vulgar comments
Goldman Sachs Headquarters As Its $1 Trillion Asset Manager Bets On Stocks In 2019
Photographer: Allison Joyce/Bloomberg
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Goldman Sachs Group Inc. is joining the exodus from Ken Fisher’s firm.

The Wall Street bank said Friday in a regulatory filing that it will be dropping Fisher Asset Management LLC as the underlying manager of Goldman Sachs Multi-Manager Global Equity Fund. Goldman Sachs has pulled $234 million from Fisher Investments, according to a person familiar with the matter, though the figure may grow. A spokesman for Goldman declined to comment.