Former Vice President Al Gore is doing fairly nicely staying out of the current political fray.

Generation Investment Management Ltd., which he co-founded with ex-Goldman Sachs Group (NYSE: GS) banker David Blood in 2004, attracted nearly $5 billion to its main Global fairness Fund and is probably restricting inflows into the fund next month, according to Blomberg News.

The fund has some pretty high ideals according to its Web site: “We focus on the profitable, environmental, social, and governance risks and opportunities that can materially affect a company’s ability to sustain profitability and deliver returns. Our research plays an

critical role in forming our views on the quality of the commerce, the quality of management, and valuation.”

So how does that translate in the real world? Al Gore isn’t providing performance details, according to the Bloomberg story. It’s kind of weird for Gore to be so mum considering that its biggest holding Novo Nordisk (NYSE: NVO) is up more than 60% by the past year in U.S. trading.

Continue reading Al Gore’s fund closes after attracting $5 billion

Original post by Jonathan Berr

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