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Replies to post #45197 on Intelligent Highway Solutions Inc (fka IHSI)
12/26/20 9:20 AM
Billionaire Ken Fisher is one of the most well-known money managers in the financial world. Ken Fisher followed in his father Phil’s footsteps as a renowned investor and author, as he penned a 32-and-a-half year column for Forbes magazine. He also has written 11 books, four of which became New York Times bestsellers and has published many papers. However, Mr. Fisher, who has a net worth of around $3.6 billion, is mainly known as the founder, chairman, and ex-CEO of Fisher Investments, a financial adviser with offices in the US, England, and Germany.
Fisher Investments was founded in 1979 and Ken Fisher had served as the company’s CEO until 2016, when he was succeeded by Damien Ornani. Mr. Fisher still has an active role at the company, as he is executive chairman and co-chief investment officer. Fisher Investments has more than $100 billion in Assets Under Management and is one of the largest wealth managers in the US.
Ken Fisher’s performance was calculated by Forbes, based on his public stock picks revealed in his columns. The publication estimated in 2015, that over the previous 18 years, Mr. Fisher outperformed the broad US stock market by an average of 4.2 percentage points annually.
At Insider Monkey, we also calculated Fisher Investments’ performance by taking into account the fund’s positions disclosed in quarterly 13F filings with the Securities and Exchange Commission. We only took into account the fund’s long positions in companies worth over $1.0 billion. According to our estimates, Fisher Investments had 571 holdings in companies with market caps above $1.0 billion at the end of the second quarter of 2018. It generated a a weighted average return of 5.8% in Q3 and 7.6% during the first 9 months of 2018, which is higher than the S&P 500’s gain of 2.7%.
- Insider Monkey
12/27/20 11:53 AM
12/28/20 6:15 AM
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