New Hampshire Retirement System pulls $239M investment over crude remarks

CONCORD — The New Hampshire State Retirement System is ending its relationship with Fisher Investments, and investing the $239 million that Fisher had managed with other firms.

The retirement system joins a growing group of institutions terminating their relationships with the fund after its founder made lewd remarks at a conference earlier this month.

The retirement system provides retirement, disability, and death benefits to thousands of state workers and local government employees, including teachers, police and firefighters.

On Oct. 8, Bloomberg reported Ken Fisher compared the process of gaining a client’s trust to “trying to get into a girl’s pants” and talked about genitalia at a financial services conference.

Read more: https://www.unionleader.com/news/business/nh-retirement-system-pulls-m-investment-over-crude-remarks/article_433da364-f550-5330-9bc7-a7eb284a30a9.html