October 18, 2019 / 7:04 PM / a month ago

SEI Investments reviewing relationship with money manager Kenneth Fisher

BOSTON, Oct 18 (Reuters) - SEI Investments Co on Friday said it is reviewing its business relationship with the firm of money manager Kenneth Fisher, after he allegedly made insensitive remarks about women at a recent investment conference.

SEI serves as a trustee and sponsor on investment portfolios managed by Fisher Investments.

“The comments made do not reflect SEI or our core values,” the company said in a statement. “As the trustee of certain trusts advised by (Fisher), our fiduciary duty requires us to focus on and protect the interests of the investors in those trusts. We are engaged in a due diligence review of (Fisher) and will make decisions that we believe to be in the best interests of investors after that process concludes.”

Fisher Investments declined to comment. (Reporting By Tim McLaughlin; Editing by Sandra Maler)

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