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Individual investors pulled $20 million from Fisher Investments after billionaire’s sexist comments

Individual investors pulled $20 million from Fisher Investments after billionaire’s sexist comments

Finance
Kenneth Fisher, founder of Fisher Investments.Jonathan Fickies | Bloomberg | Getty ImagesIndividual investors at Fisher Investments transferred $ 20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors.The development was disclosed on a conference call Fisher executives held on Oct. 14 with Mercer, to discuss the fallout from founder Ken Fisher's comments at the Tiburon CEO Summit, according to the note obtained by CNBC.When speaking at the conference on Oct. 8, Fisher had likened winning new clients to picking up women at a bar. He had used similar language at another conference in 2018.Though the billionaire apologized, institutional investors — including seven government p
The billionaires fuelling a space race

The billionaires fuelling a space race

Business
Dubbed "NewSpace", an increasing number of entrepreneurs are joining in the race to create cheap, commercialised space travel.Among these are billionaires Elon Musk, Jeff Bezos and Sir Richard Branson, who all made their fortunes in other industries. Between them, they're posing a major challenge to established space industry giants.Fuelled by intense rivalries, their ambitions include the development of space tourism and developing permanent human settlement on the Moon and even Mars.But emerging space entrepreneurs are also filling a huge void left by governments that have had to cut funding for space missions.As a result, names like SpaceX and Blue Origin are becoming part of the increasingly lucrative military space race as the US seeks to counter amb...