Philadelphia pension board drops Fisher Investments over comments-city spokesman

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BOSTON, Oct 15 (Reuters) – Philadelphia’s board of pensions has terminated Fisher Investments as an investment manager because of “inappropriate statements” the firm’s executive chairman Ken Fisher made at a conference last week, a city spokesman said on Tuesday.

The city’s retirement system had roughly $54 million under management with Fisher, the spokesman said.

Reporting by Ross Kerber
Editing by Chizu Nomiyama

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