Goldman Sachs Joins Retreat From Fisher’s Firm After His Remarks

Goldman Sachs Group Inc. is joining the exodus from Ken Fisher’s firm.

The Wall Street bank is pulling $234 million from Fisher Investments, according to a person familiar with the matter, though the figure may grow.

The move brings the total reported withdrawals from Fisher to more than $2.7 billion in the two weeks since he made vulgar comments at an industry conference. The Los Angeles fire and police pension board on Thursday voted to yank about $500 million after a contentious meeting with representatives of the firm.

Fisher is suffering an intensifying backlash from his remarks on Oct. ...