Al Gore’s Investment Fund Just Just Won A Sweet New York City Contract
Students And Teachers Are Fleeing The $32,000 Per Year School Founded By The Blue Man Group Because Kids Can’t Read
Here’s something we competence not have known: Al Gore is handling New York City pension funds.
That’s right, The New York Post reported this morning that a former Vice President’s “environmentally accessible investment fund” Generation Investment Management recently perceived a $16.56 million agreement (in further to a $12.8 million they perceived underneath former NYC administrator Bill Thompson) from city administrator John Liu to conduct hundreds of millions of city pension funds.
For Liu, who’s faced increasing vigour to keep pension funds sustainable, employing Gore’s organisation seems to be a ideal match.
For Democratic politicians like Liu and DiNapoli who wish to refinement their certification as environmentally obliged financial stewards, employing Gore’s organisation is like attack a home run, analysts say.
“There’s a lot of vigour on pension funds to be environmentally sensitive. Gore’s name and status in a pension-fund village is useful — quite for Democrats. He’s Al Gore!” pronounced Bill Sannwald, a corporate governance and ethics highbrow during San Diego State University.
But Liu’s spokespeople contend that a explanation is in a pudding, and by pudding we meant profits.
Liu mouthpiece Stephanie Hoo pronounced Generation investments have warranted a 22 percent lapse for a city. The organisation has delivered a 32.7 percent lapse on the state pension-fund investments given the employing in 2009, annals show.
Not bad during all.