Key Words: Wealth manager Ken Fisher shocks with risqu� comments, doesn’t apologize


Ken Fisher, Chairman and CEO, Fisher Investments during a prior conference.

A obvious financier so scandalized attendees during a high-profile financial attention eventuality with intimately descent comments that several of them pennyless non-disclosure agreements they sealed to attend in sequence to pronounce out.

But Ken Fisher, who founded a resources government organisation that bears his name, says he doesn’t know what everyone’s so dissapoint about.

Fisher, who founded Fisher Investments in 1979 and now manages $112 billion, was interviewed in a fireside discuss during a Tiburon CEO Summit in San Francisco Tuesday. According to media reports, Fisher told a throng that winning clients was like “trying to get into a girl’s pants,” among other things.

Early Wednesday, Alex Chalekian, who runs a smaller resources government emporium famous as Lake Avenue Financial, posted a video about a confront on Twitter.

Other discussion participants reliable Chalekian’s account.

Sonya Dreizler, owner of an impact-investing consulting organisation called Solutions With Sonya, told industry announcement ThinkAdvisor that Chalekian’s comments were correct.

“The discussion calm is ostensible to be kept private, so that CEOs can be vehement about inner business opportunities and challenges,” Dreizler said. “Since this calm is not about business issues, I’m selecting to mangle that formula of remoteness to endorse that a comments from a theatre were indeed outrageous.”

But in an speak with Bloomberg News after a amicable media recoil began, Fisher claimed to be confused. “I have given a lot of talks, a lot of times, in a lot of places and pronounced things like this and never gotten that form of response,” Fisher said.

He also pronounced that he suspicion his comments were taken out of context and added, “mostly a assembly understands what we am saying.”

Bloomberg also performed a recording of a speak Fisher gave final year, in that he pronounced it’s “the many foolish thing” an item manager can do is to “brag about opening in a approach mail piece,” that is “a small bit like walking into a bar and we are a singular man and wish to get laid and walking adult to some lady and saying: ‘Hey we wish to have sex?’ You only spin yourself into a jerk.”

Fisher told Bloomberg that on a one palm he feels targeted since he manages so most money, though also pronounced “I bewail we supposed that debate invitation since it was kind of a pain in a neck.”

Andrea Riquier reports on housing and banking from MarketWatch’s New York newsroom. Follow her on Twitter @ARiquier.

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