Billionaire Ken Fisher blasted online for offensive comments on closed-door chat

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Billionaire Money Manager Ken Fisher has come under fire for crass comments he was said to have come Tuesday as part of an exclusive fire talk in front of financial services executives at The Ritz-Carlton, San Francisco.

In a video that gathered Nearly 70,000 views within 16 hours of being shared with Twitter Tuesday night, financial adviser Alex Chalekian called Fisher's comments, made on the second day of a single invitation stop organized by Tiburon Security Advisors, "absolutely horrifying." [19659005] According to Chalekian in the video, Fisher inappropriately referred to genitals, Jeffrey Epstein and "stumbled on acid." Wealth Manager Rachel Robasciotti attended the event and told Bloom berg that Fisher, a former longtime Forbes columnist, compared building client confidence to "trying to get in a girl's pants."

The video noted Chalekian, CEO of Pasadena, California-based Lake Avenue Financial, that other meeting participants felt the same way he did. "They were disgusted by this," he said. "Many of the women expressed to me that this is one of the reasons they don't like attending these conferences."

Three Day Summit speakers included managers of c-suites at financial services firms such as Pendo Systems, Dimensional Fund Advisors and NewSpring Capital, among dozens of others.

On Twitter, some users noted hearing similar comments from Fisher when he spoke at another industry event EBI West, in May 2018.

"On EBI, he called annuity sellers & # 39; rat-f * ckers & # 39; and asked what he would do differently, said few more, "said an investment advisor who attended the 2018 conference and asked to be anonymous when reached for comment. & nbsp;

"I'm more concerned with the idea that he feels completely comfortable saying these things in large groups as if no one would be horrified. Or he just doesn't care that he's a misogynist." [19659005] Fisher's Ca mas, the Washington-based independent money management company ended last year with $ 94 billion in assets. Forbes estimates his net worth at $ 3.7 billion.

Right after 6 p.m. ET, a Fisher Investments employee, shared in response to a request for comment with Forbes an email Fisher sent to the company's employees Wednesday night. In it, he wrote:

“A video was recently posted on social media by the owner of the small consulting firm who attacked me for my comments on an industry event. The video garnered some media coverage, so I'm writing today to make sure you have the facts. The video takes a few parts of the comments I got completely out of context and deliberately mischaracterizes them. It attributes to views that I neither expressed nor endorsed. As is often the case, social media posters seized these other, inaccurate accounts. The media also reported comments from a few others (out of hundreds in the crowd) who seem to have felt the same way. I am sure that if you were there, you would understand what I was saying in context was nothing like what is being reported at the moment.

"Many of you are probably familiar with my sometimes colorful ways of expressing me. I like to say what's on my mind. I want you to know that I'm genuinely sorry if anything I've said in your presence offended you. It was certainly never my intention. "

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Billionaire money manager Ken Fisher has come under fire for crass comments he was said to have come Tuesday as part of an exclusive fire talk in front of financial services executives at The Ritz-Carlton , San Francisco.

In a video that garnered nearly 70,000 views within 16 hours of being shared with Twitter Tuesday night, financial adviser Alex Chalekian called Fisher's comments, made on the second day of a single invitation stop that was arranged by Tiburon Security Advisors, "absolutely awful." [19659005] According to Chalekian in the video, Fisher referred insufficient genitals, Jeffrey Epstein, and "tripping on acid." Wealth Manager Rachel Robasciotti attended the event and told Bloomberg that Fisher, a former longtime Forbes columnist, compared building client confidence to "trying to get in a girl's pant."

In the video, Chalekian, the CEO of Pasadena, California-based Lake Avenue Financial, noted that other attendees felt the same way he did. "They were disgusted by this," he said. "Many of the women expressed to me that this is one of the reasons they don't like attending these conferences."

Three-day Summit selection of speakers included c-Seeking executives at financial services companies such as Pendo Systems, Dimensional Fund Advisors and NewSpring Capital, among dozens of others.

On Twitter, some users noted hearing similar comments from Fisher when he spoke during another industry event, EBI West, in May 2018.

"At EBI, he called annuity sellers & # 39; rat-f * ckers & # 39; and asked to be anonymous when reached for comment.

"I'm more concerned with the idea that he feels completely comfortable saying these things in large groups as if no one would be appalled. Or, he just doesn't care that he's a misogynist."

Fisher's Camas, Washington-based independent money management company ended last year with $ 94 billion in assets. Forbes estimates his net worth at $ 3.7 billion.

Right after 6 p.m. ET, a Fisher Investments employee, shared in response to a request for comment with Forbes an email Fisher sent to the company's employees Wednesday night. In it, he wrote:

“A video was recently posted on social media by the owner of the small consulting firm who attacked me for my comments on an industry event. The video garnered some media coverage, so I'm writing today to make sure you have the facts. The video takes a few parts of the comments I got completely out of context and deliberately mischaracterizes them. It attributes to views that I neither expressed nor endorsed. As is often the case, social media posters seized on these other, inaccurate accounts. Media also reported comments from a few others (out of hundreds in the crowd) who seem to have felt the same way. I am sure that if you were there, you would understand what I was saying in context was nothing like what is being reported at the moment.

"Many of you are probably familiar with my sometimes colorful ways of expressing me. I like to say what's on my mind. I want you to know that I'm genuinely sorry if anything I've said in your presence offended you. It was certainly never my intention. "