Given his track record of backing losers, I'd stay far, far away from this:
Former U.S. Vice President Al Gore was named chairman Tuesday of Generation Investment Management, a new London-based fund management firm that plans to create environment-friendly portfolios. Generation Investment will manage assets of institutional investors, such as pension funds, foundations and endowments, as well as those of "high net worth individuals," from offices in London and Washington, D.C. | Looking for big money libs. |
Gore said the new company will carefully screen potential companies to invest in, choosing only those that meet specific standards on how they treat their employees and the environment. Growth prospects will also be considered, he said. | Note that a return on investment is a secondary consideration. |
Founding partners announced Monday also include David Blood, former CEO of Goldman Sachs Asset Management.... | The Blood and Gore Fund, catchy name. |
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