Iowa pension ends $386 million money management contract with Kenneth Fisher

(Reuters) – A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in assets under management.

The Iowa Public Employees’ Retirement System notified Fisher Investments it will terminate its contract with the firm. Fisher Investments manages $386 million of IPERS’ $34 billion Trust Fund.