Brian Brown's Official Website

Sponsored by

Brian Recommands

Sponsored by

One of Brian’s Favorite Quotes

I like pigs.  Dogs look up to us.  Cats look down on us.  Pigs treat us as equals.”
— Sir Winston Churchill (1874–1965)

Al Gore’s Investment Fund Just Just Won A Sweet New York City Contract


See Also

infographic the cities where people spend tons of money on their cars Al Gores Investment Fund Just Just Won A Sweet New York City Contract

students and teachers are fleeing the 32000 per year school founded by the blue man group because kids cant read Al Gores Investment Fund Just Just Won A Sweet New York City Contract

drivers are now picking up hitchhikers to avoid high tolls at the george washington bridge Al Gores Investment Fund Just Just Won A Sweet New York City Contract


Here’s something you might not have known: Al Gore is managing New York City pension funds

That’s right, The New York Post reported this morning that the former Vice President’s “environmentally friendly investment fund” Generation Investment Management recently received a $16.56 million contract (in addition to the $12.8 million they received under former NYC comptroller Bill Thompson) from city comptroller John Liu to manage hundreds of millions of city pension funds

For Liu, who’s faced increased pressure to keep pension funds sustainable, hiring Gore’s firm seems to be a perfect match. 

For Democratic politicians like Liu and DiNapoli who want to burnish their credentials as environmentally responsible financial stewards, hiring Gore’s firm is like hitting a home run, analysts say.

“There’s a lot of pressure on pension funds to be environmentally sensitive. Gore’s name and stature in the pension-fund community is invaluable — particularly for Democrats. He’s Al Gore!” said Bill Sannwald, a corporate governance and ethics professor at San Diego State University.

But Liu’s spokespeople say that the proof is in the pudding, and by pudding we mean profits.

Liu spokeswoman Stephanie Hoo said Generation investments have earned a 22 percent return for the city. The firm has delivered a 32.7 percent return on its state pension-fund investments since its hiring in 2009, records show.

Not bad at all.


Link to this story: 

Please share with your friends:

Leave a Reply

Sponsored by

Brian Recommends

Sponsored by