October 18, 2019 / 10:29 PM / 25 days ago

Iowa pension ends $386 mln money management contract with Kenneth Fisher

Oct 18 (Reuters) - A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in assets under management.

The Iowa Public Employees’ Retirement System notified Fisher Investments it will terminate its contract with the firm. Fisher Investments manages $386 million of IPERS’ $34 billion Trust Fund.

Reporting By Tim McLaughlin Editing by Chris Reese

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