West Palm Beach (HedgeCo.Net) – Al Gore’s investment firm, Generation Investment Management will close its doors to new investors as early as next month.<\/p>\n
Gore, along with co-founder David Blood, will most likely restrict further investments into the company’s main Global Equity Fund, after reaching their $5 billion target. <\/p>\n
Global Equity invests in earth-friendly companies that follow socially responsible guidelines. Gore, being a staunch advocate for the awareness of global warming and a Nobel Peach Prize winner, believes that these companies post better returns. <\/p>\n
“More money is allocated by markets around the world in one hour than by all the governments on the planet in a full year,” Gore told reporters in Geneva. “The principles and ways and values that have an impact on the way markets allocate resources can have an enormous effect” [on climate change].<\/p>\n
7% of the funds assets are invested in Novo Nordisk A\/S, the world’s largest insulin maker. Other companies the fund invests in include the food company Nestle SA and John Controls Inc., maker of auto seats and batteries. <\/p>\n
Blood, formerly of Goldman Sachs, says that the company cannot handle more than $5 billion in assets. Returns on the fund are unknown.<\/p>\n
“The investors that are more attracted to the strategy we follow are managing long-term assets toward long-term goals,” Gore said. “Those looking for a quick hit in the market place, to skim the cream and go somewhere else, those are not the investors attracted to this strategy.” <\/p>\n
Lombard Odier Darier Hentsch & Cie., a swiss bank which started selling the fund last year in Europe, is now it’s biggest investor. <\/p>\n<\/p>\n
Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net <\/p>\n
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! West Palm Beach (HedgeCo.Net) – Al Gore’s investment firm, Generation Investment Management will close its doors to new investors as early as next month. Gore, along with co-founder David Blood, will most likely restrict further investments into the company’s main […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7294","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7294"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7294\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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