Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week. In addition, on Wednesday evening an official of the Los Angeles pension system for police and firefighters said it will review the roughly $500 million it has invested with Fisher's firm. "As with other pension funds, we are very concerned with the inappropriate comments made by Mr. Fisher," said the Los Angeles system's general manager, Ray Ciranna, via e-mail.