Florida's Broward Health pulls $93 million from Ken Fisher

Broward's board to seek new partner for its pension and investment assets

Oct 31, 2019 @ 11:38 am

By Bloomberg News

The Broward Health system in South Florida, responding to lewd comments made by money manager Ken Fisher, pulled the $93 million it has invested with his firm.

The board voted Wednesday to terminate its association with Mr. Fisher's company and seek a new partner for its pension and investment assets.

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Broward Health joins an array of state and city, as well as fire and police, pension groups that have abandoned Fisher Investments in the wake of his remarks on Oct. 8. More than $3.1 billion has been divested from the firm since then.

The health system includes several hospitals and urgent care clinics and has more than 8,200 employees.

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