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Ken Fisher fallout: Which pension plans have pulled out and which have stayed

Ken Fisher fallout: Which pension plans have pulled out and which have stayed

Finance
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010.Gillianne Tedder | Bloomberg | Getty ImagesIt remains to be seen how long other clients will stick with billionaire money manager Ken Fisher in the wake of off-color and sexist comments he recently made at an investing conference.The Iowa Public Employees Retirement System on Friday notified the firm it would end its contract. Fisher Investments oversees $ 386 million of the IPERS $ 34 billion trust fund.More than $ 1.2 billion public pension assets have left Camas, Washington-based Fisher Investments so far, including the Boston Retirement System with $ 248 million in assets and $ 600 million the State of Michigan says it's withdrawing....
HTC launches a cheaper version of its blockchain phone

HTC launches a cheaper version of its blockchain phone

Finance
HTC's Exodus 1s smartphone comes packed with cryptocurrency-related features.HTCHTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expensive flagships from the likes of Apple and Samsung.The Taiwanese smartphone maker on Saturday launched the Exodus 1s, a slightly smaller take on the Exodus 1, which it released last year. That phone initially cost 0.15 bitcoins — over $ 1,189 at current prices, similar to that of a high-end iPhone or Galaxy — although the company subsequently let people buy it in dollars for $ 699.This new device costs 219 euros ($ 244), or the equivalent in cryptocurrency. But the big difference with this handset, according to HTC's Phil Chen, is that it comes packed with cry
ED searches DHFL offices over exposure to firm having links with gangster Mirchi

ED searches DHFL offices over exposure to firm having links with gangster Mirchi

Finance
MUMBAI: The Enforcement Directorate (ED) Saturday carried out searches at the offices of Dewan Housing Finance Corporation Ltd (DHFL) and it associate firms in connection with the loans given by the NBFC to a real estate firm which is currently under scanner for its alleged dealing with late gangster Iqbal Memon alias Iqbal Mirchi. According to sources, searches are underway at eight locations including DHFL’s headquarters in suburban Mumbai. ET was the first to report on the loans given by DHFL to Sunblink Real Estate on Thursday. Responding to the report, DHFL in a statement attributed the quantum of its exposure to property company Sunblink, as an outcome of market consolidation that caused several loans to various companies to be bunched together and Sunblink listed as the borrower. “
Fisher Investments pension losses hit $1.3 billion as Iowa yanks $386 million

Fisher Investments pension losses hit $1.3 billion as Iowa yanks $386 million

Finance
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010.Gillianne Tedder | Bloomberg | Getty ImagesThe Iowa Public Employees Retirement System is terminating its relationship with Fisher Investments, pulling $ 386 million from the asset manager.The Iowa plan, which holds $ 34 billion in total assets, announced its move on Friday and attributed its decision to sexist comments Ken Fisher, the billionaire founder of the firm, made at an investment conference last week.The losses in pension assets for Fisher Investments is now about $ 1.3 billion."IPERS staff has taken time to evaluate this situation, and it is our opinion that Mr. Fisher's comments have damaged the credibility of the firm and it...
Financial advisors need to change to succeed in the next decade

Financial advisors need to change to succeed in the next decade

Finance
Couple getting financial adviceGetty ImagesFinancial advisors are experts at helping clients plan for their futures. It turns out that many of these professionals often fall short when it comes to their own businesses.That's according to a study from the Financial Planning Association, a professional membership organization, and SEI, a provider of wealth management services."For financial planners to maintain our competitive edge, we have to do for ourselves what we do for our clients," said Evelyn Zohlen, CFP and president of the association. "We must plan."More from Financial Advisor 100:FA 100: CNBC ranks the top-rated financial advisory firms of 2019 Changes and challenges keeping top advisors up at nightTechnology is redefining that client-financial advisor relationshipThere's one big...