Individual investors pulled $20 million from Fisher Investments after billionaire's sexist comments
While the divestitures sound large, it's barely a dent in the overall amount Fisher Investments manages.
"We have been hired by new institutional clients as well as hundreds of new private clients, representing billions of dollars in new assets under management," he said. The firm managed $115 billion as of Oct. 31, Dillard said. with their rapid move to divest, as retirement plan fiduciaries must show they underwent a prudent process before hiring or firing managers.
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