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The Board of Fire and Police Pension Commissioners held a special hearing to determine the future of the Fund’s contract with Fisher Asset Management.&nbsp;After a lengthy and deliberative discussion, the Board voted to terminate its contract with Fisher for management of an international large cap equity portfolio.The Board was open to practical solutions to make a positive change in the industry and to evaluate the best options for the Plan.



Representatives from Fisher Asset Management apologized and discussed their plans for formation of a task force to implement change within the company.&nbsp; However, the Board ultimately decided to withdraw its assets from Fisher.



A plan for transferring assets will be discussed at the next meeting of the Board on November 7, 2019.



Fisher Asset Management worked with the Plan for over 15 years.

LAFPP Contract with Fisher Asset Management

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