$1 billion so far, and the exodus may not be over.
When noted wealth manager Ken Fisher faced criticism for off-color comments at a financial services conference, he initially brushed off the backlash. As the furor grew, he apologized.
“As with other pension funds, we are very concerned with the inappropriate comments made by Mr. Fisher,” the system’s manager told the news organization. “The views he expressed do not align in any way with our company’s values,” Fidelity spokesman Vincent Loporchio told the news service. “We do not tolerate these types of comments at our company.”
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