Philadelphia pension board drops Fisher Investments over comments-city spokesman

BOSTON, Oct 15 (Reuters) - Philadelphia's board of pensions has terminated Fisher Investments as an investment manager because of "inappropriate statements" the firm's executive chairman Ken Fisher made at a conference last week, a city spokesman said on Tuesday.

The city's retirement system had roughly $54 million under management with Fisher, the spokesman said.

(Reporting by Ross Kerber Editing by Chizu Nomiyama)