Color Me Bearish

Gore to launch new style global fund (Financial Times)

Al Gore, the former US vice-president, is to put his expertise in global sustainability issues into practice with the launch of a fund management firm.

Mr Gore has teamed up with David Blood, former chief executive of Goldman Sachs Asset Management, to set up Generation Investment Management, a London-based boutique that will invest in global equities.

The six founder partners have contributed a total of “double-digit” millions of dollars to kickstart Generation, which plans to begin attracting funds in the new year.

The firm aims to deliver higher investment returns by integrating traditional equity analysis with sustainability research, a fledgling area that combines the principles of economic growth, environmental stewardship and social accountability.

Perhaps it’s inevitable that, as a professional fund manager immerses himself in liberal politics, a liberal politician immerses himself in fund management. I’ll give Gore this much: he puts his money where his mouth is. For years, he’s hyped the concept of sustainability, and now he actually wants to put resources into it. But I’ll be damned if I invest a dime in his venture.

FILED UNDER: Economics and Business
Robert Garcia Tagorda
About Robert Garcia Tagorda
Robert blogged prolifically at OTB from November 2004 to August 2005, when career demands took him in a different direction. He graduated summa cum laude from Claremont McKenna College with a Bachelor of Arts in Philosophy, Politics, and Economics and earned his Master in Public Policy from Harvard's Kennedy School of Government.

Comments

  1. Elsewhere
    I’m serving as a guest blogger at James Joyner’s Outside the Beltway, so head over there for my latest posts. Thus far, I’ve got a…

  2. Fred Boness says:

    Blood and Gore? This is a joke, right? (Somehow I know it’s not.)

  3. BigFire says:

    I’m almost tempted to short this fund just on principle alone. However, I am more responsible with my own money than Al Gore is with everyone else’s.