Actually, everything should have been under the cloak of silence remain. Because the participants in the beginning of October, held Tiburon conference in San Francisco had signed a Declaration of confidentiality. However, the observations of the star investor Ken Fisher provided at the Ritz-Carlton Hotel for such an uproar, that they were soon on the social media course and have ensured that Fisher will no longer be invited to the conference.
The 68-Year-old said before the assembled California’s financial elite, that it was for most people, Sex and money to the most private Affairs. If you want to get new customers, you have to be very careful. It is similar to intimate, as if you do at the Bar, a girl and then say: “Hey, I want to talk with you about what is in your pants.” After that, he gave a talk more about the genitals and the use of LSD.
Fisher was out of control, one of the participants wrote later on Twitter. Charles Roame, the organizer of the Tiburon conference, apologized in a Blog post for the behavior of a speaker, without mentioning his name, and promised that will open the occasion in the future, stronger compared to women. You’ve tried this already earlier, but unfortunately were unsuccessful.
half-hearted apology
From Bloomberg law, a few days after the appearance of a star Fisher that he had often drawn such comparisons, this would have made never caused a stir. “The audience understands most of the time, as they are meant to be.” Later, Fisher apologized for his Remarks. A few of the words he had used at a conference, had been inappropriate. This manner of expression have in the industry and his company has no place. Also, his company pushed for an apology for the derailment of the company’s founder. This is probably also because of the rapidly became apparent how damaging his Statements in support of the business.
Soon, first, investors withdrew their funds from Fishers Fund. First, the pension Fund of Michigan. It is now $ 600 million from another Fund to manage. Then New Hampshire, Philadelphia, Boston, and Iowa followed. It is the asset Manager, Fidelity, and withdrew $ 500 million, and the US Bank Goldman Sachs, followed. Total to be disbursed according to CNBC today, around 2.7 billion dollars from the funds of Fisher.
He is one of the 200 richest Americans
in Total, the company manages approximately 112 billion dollars, a large part of it comes from private investors from the United States. Fisher served until three years ago as its chief and handed over the management to a Fund Manager.
In the case of private investors has made a Fisher in the past few decades as an investment professional a name. He founded his company in 1979 with a seed capital of just $ 250. Since then, he has made a number of recommendations to the stock exchange and eleven investment Advisor written, six of which are in the USA Bestseller. His good business sense has made him a rich man. The US magazine “Forbes” estimated his fortune at $ 3.9 billion. He is one of the richest 200 US citizens.
CNN, Switzerland is distancing itself
Fisher is also in Switzerland, a sought-after expert and interview partners. He writes Opinion articles for the “trade newspaper”, and occurs when the economy CNN Money Switzerland. Stefan Barmettler, editor-in-chief of the “trade newspaper”, says to comments Fisher’s: “His statements at the Tiburon conference were very questionable. We will be sure to talk with him.”
A line CNN Money, Switzerland is attracting lines of: “Since Mr Fisher in the fall, we have had no more Interviews with him, and we have decided to put the regular Interviews to an end,” says a spokeswoman.
Created: 26.10.2019, 10:00 PM
