Ken Fisher is Chief Executive and Co-Chief Investment Officer for Fisher Investments, an independent investment advisory firm he founded in 1979. With offices in Camas, WA, Woodside and San Mateo, CA and wholly-owned subsidiaries in London, England, and Sydney, Australia, Fisher Investments manages investment portfolios for individual and institutional investors all over the world.
Fisher Investments: History and Facts
In 1979, Ken Fisher founded Fisher Investments as a sole proprietorship. In 1986, Fisher Investments registered as a corporation in the state of California, and in 1987, registered as an investment adviser with the Securities and Exchange Commission under the Investment Advisers Act of 1940. In 2005, Fisher Investments reorganized as a limited liability company. In the mid 1990s, Fisher Investments began offering global equity management directly to high net worth individuals via the Fisher Investments Private Client Group. In early 2000, the firm expanded its service offerings into both Canada and the United Kingdom. In 2007, the firm established a joint venture with a German money manager, currently operating as Grüner Fisher Investments GmbH.
Fisher Investments: Investment Philosophy
Fisher Investments’ philosophy is based on Ken Fisher’s fundamental belief in capitalism and how free markets function. Fisher Investments believes supply and demand are the sole determinants of securities pricing and capital markets are relatively efficient discounters of widely-known information. Based on these beliefs, in order to add value, a manager must seek out information that is not widely known, or interpret widely-known information uniquely. Fisher Investments operates on these core principles.
Fisher Investments: Committed to Research
In the early 1980s, Ken Fisher pioneered the use of the Price to Sales Ratio and detailed its relevance as a tool for financial investment analysis. Fisher Investments used this tool to help manage small capitalization portfolios for institutional investors. In the early 1990s, Fisher Investments’ research contributed to the recognition of distinct investment styles and cycles. These advancements became the foundation for a series of strategies for institutional clients. In the late 1990s, Fisher Investments began focusing on the emerging field of behavioral finance to understand how investors use financial tools and make investment decisions, which has led to practical applications in Fisher Investments' portfolio management process.
Solutions for Institutional and Individual Investors
Currently, Fisher Investments operates two principal business units - Fisher Investments Institutional Group and Fisher Investments Private Client Group. These units serve clients globally including corporate, public and multi-employer pension funds, foundations and endowments, insurance companies, healthcare organizations, governments, and high net worth individuals. For institutional clients, Fisher Investments provides a series of broad mandate equity strategies including Global Total Return, US Total Return and Foreign Equity. For private clients, Fisher Investments manages separate portfolios based on the specific goals and requirements of each individual.