TLDR: a &quot;poor&quot; senator (meaning just ~$2 million throwing away money), gets kicked out of the white house, and connects with loads of high tech firms and big banks and &quot;somehow&quot; gets &gt;100x investment return in ~10 years, or 10x market return (70% per year average) through his hedge fund (the 10x return is on his own money, of course, not on the people who paid him to manage their money, article doesn&#x27;t state what their return was).<p>Looking up what return he provided for clients in the same period, for one client (NY city&#x2F;state [2]) it appears he managed to deliver 32% in the 2009-2012 period. Per year that comes out to 9.5%, assuming reinvestment. Keep in mind that plain S&amp;P 500 rose from 90 (SPY approx value in 2009&#x2F;1&#x2F;1) to 205 (SPY approx value 2012&#x2F;6&#x2F;1), or 233%, or 32% per year.<p>Can someone explain to me why anyone parks even a single penny with this firm ? Although the article does say that it was public funds looking for an &quot;environmentally friendly&quot; way to invest.<p>Some interesting things, apparently ethical investing means mostly tech companies, with Microsoft being the #1 single investment. Generally looks like a run-of-the-mill, a lot riskier than usual (has biotech &amp; tech, he&#x27;s got to be down 10% for the past month, at least. And if his bond portfolio is this risky, more than 10%), portfolio.<p>[1] <a href="http:&#x2F;&#x2F;www.nasdaq.com&#x2F;quotes&#x2F;institutional-portfolio&#x2F;generation-investment-management-llp-733957" rel="nofollow">http:&#x2F;&#x2F;www.nasdaq.com&#x2F;quotes&#x2F;institutional-portfolio&#x2F;generat...</a><p>[2] <a href="http:&#x2F;&#x2F;www.businessinsider.com.au&#x2F;al-gores-generation-investment-management-wins-1656-million-nyc-pension-contract-2012-6" rel="nofollow">http:&#x2F;&#x2F;www.businessinsider.com.au&#x2F;al-gores-generation-invest...</a>