UPDATE 2-Fallout from money manager Kenneth Fisher's remarks tops $1 bln in lost assets

Fallout from Kenneth Fisher’s alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. The Iowa Public Employees’ Retirement System was the latest to notify Fisher Investments that it will terminate its contract with his firm. Fisher Investments manages $386 million of IPERS’ $34 billion trust fund.