Al Gore's Hedge Fund Loves This $445 Billion Stock
Al Gore, the former U.S. vice president, co-founded Generation Investment Management in 2004. Today, the firm manages nearly $50 billion, all of which is directed to investments that the firm believes won't destroy the planet. So-called sustainable investments, the firm believes, have the potential to outperform the market over the long term.
There is some proof for this belief. Data from Morgan Stanley shows that investment funds focused on sustainable investments have outperformed traditional funds in four out of the past five years.
Where is Al Gore's investment firm putting money to work today? One of its biggest investments -- a stake worth roughly $560 million -- is in a company nearly everyone knows well: (NYSE: MA).
Source Fool.com
Mastercard Inc. A Aktie
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