Sunday, November 14, 2004
Keep your fingers crossed
The new trend toward gearing investments toward--or away from--specific ideals, such as environmentalism, has a new voice today. Al Gore has become the head of a new, environmentally-friendly, investment firm in the U.K. Gore has always been passionate about the environment, so I honestly hope that this firm will actually deliver the goods.
Al Gore to Head New Management Firm
Tue Nov 9, 2:29 PM ET
LONDON - 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.
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.
Founding partners announced Monday also include David Blood, former CEO of Goldman Sachs Asset Management; Mark Ferguson and Peter Harris, formerly of Goldman Sachs Asset Management; Peter S. Knight, formerly of Met West Financial and one-time chief of staff of Gore's U.S. Senate office, and Colin le Duc, formerly of Sustainable Asset Management (Zurich).
"Business leaders who align their business strategy and technical development with sustainability and social accountability will deliver superior long-term results to shareholders," Gore said in a statement.
Gore was vice president during President Bill Clinton's two terms in office in the 1990's but lost the 2000 presidential election to George W. Bush.
Al Gore to Head New Management Firm
Tue Nov 9, 2:29 PM ET
LONDON - 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.
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.
Founding partners announced Monday also include David Blood, former CEO of Goldman Sachs Asset Management; Mark Ferguson and Peter Harris, formerly of Goldman Sachs Asset Management; Peter S. Knight, formerly of Met West Financial and one-time chief of staff of Gore's U.S. Senate office, and Colin le Duc, formerly of Sustainable Asset Management (Zurich).
"Business leaders who align their business strategy and technical development with sustainability and social accountability will deliver superior long-term results to shareholders," Gore said in a statement.
Gore was vice president during President Bill Clinton's two terms in office in the 1990's but lost the 2000 presidential election to George W. Bush.
