In a recent turn of events, Fisher Investments, the prominent money-management firm founded by billionaire Ken Fisher, has categorically denied reports suggesting it is in talks regarding a potential sale to private equity firm Advent International. Disputing the ReportsLate Tuesday, Fisher Investments issued a firm denial of the reported sale talks with Advent International. Advent International, too, refuted the claims, asserting that it is not in the process of buying Fisher Investments. Last year, Fisher Investments moved its headquarters from Washington state to Texas, a decision attributed to Washington’s high capital-gains tax. Potential Implications of Sale TalksWhile Fisher Investments and Advent International have vehemently denied the reported sale discussions, the mere speculation about such a significant move can have repercussions.

Source: Wall Street Journal January 03, 2024 14:08 UTC