Despite Troubles, Fisher Says Investment Firm Is Growing

“Our headcount will continue to increase. … What is true in Camas is also the case for our facilities in California, Texas, London, Germany, Japan, Australia, Dubai, Ireland and Luxembourg. The past few weeks will not adversely impact our employees or any of the communities in which we are based,” he wrote.

His argument for that growth is based on the fact that only one of the five main client segments — U.S. institutions — “has seen headline-grabbing terminations, which the media has covered extensively.” 

Fisher refers to the other “91% of the firm” as growing. “In fact, we have more assets under management today than we did before the headlines began. We have no long-term debt and a strong financial position by any standard. That is the simple truth.”

He also defends the firm’s leadership team, which has seven men and four women, and its all-male investment policy team by stating that 85% of the firm’s employees report to executive vice presidents “who are women, people of color and/or identify as a member of the LGBTQ  community.” 

As for the overall future of Fisher, the chairman seems upbeat — though he did not directly address rumors of his possible exit from the firm: “I can assure you that the company remains strong and growing. Our future as Camas’ largest private employer is bright.”