Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

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Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion
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The City of Boston's retirement board on Wednesday voted unanimously to end...

BOSTON - The City of Boston’s retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.

“Boston will not invest in companies led by people who treat women like commodities. Reports of Ken Fisher’s comments and poor judgment are incredibly disturbing, and I have asked our retirement board to take a vote to end any relationship with Fisher Investments,” Walsh said in a statement. Chalekian said Fisher made derogatory comments about genitalia, picking up girls and financier Jeffrey Epstein, among other topics. Epstein committed suicide in August while being held in jail awaiting trial on sex trafficking charges.

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