Al Gore's Generation Fund to Close After Attracting $5 Billion

[swag]

Source: Bloomberg

March 11 (Bloomberg) -- Al Gore's Generation Investment Management Ltd. plans to close its main Global Equity Fund to new money as assets are close to a $5 billion target.

Generation will probably restrict inflows into the fund from next month, Gore and company co-founder David Blood told reporters in Geneva today. Swiss private bank Lombard Odier Darier Hentsch & Cie., which started selling the fund in continental Europe last year, is now the biggest investor in it. The former U.S. vice president founded Generation with Blood, a former Goldman Sachs Group Inc. banker, in 2004.

Gore, 59, and a United Nations panel on the environment were awarded the Nobel Peace Prize in October for raising awareness of the threat from climate change. The fund invests in companies following so-called socially responsible guidelines in the expectation that they will report better returns.

``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 said. ``The principles and ways and values that have an impact on the way markets allocate resources can have an enormous effect'' in tackling climate change, he said.


Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=ahCy2aU0Wd1I&refer=home

[Mojorabbit]

1. Can ayone invest in it?

Or is is for the big money players?

[xxqqqzme]

4. I seem to recall it is for REALLY big

money players. But can't find it right now.

[ryanmuegge]

5. Do you even have to ask?

Not meant as a snarky comment at you.

[Mojorabbit]

6. I looked at the site

and did not see a prospectus so I guess you are right. I don't have much but would have loved to invest in something like this. Ah well...

[AngryAmish]

2. Hedge Fund Al?

Why not do this in America?

[xchrom]

3. learn more about them here...

http://www.generationim.com/about/team.html

[goforit]

7. WOW!!! Al has climbed Mt.Everest!! God bless ya!!!

[lovuian]

8. AWESOME

Awesome