Tags: barron’s | al gore | nvidia | nike | mastercard | microsoft | stock

Barron's: Al Gore Buys Nvidia, Sells Nike, Mastercard, Microsoft Stock

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By    |   Friday, 22 February 2019 02:36 PM

Generation Investment Management, the London-based investment firm that Former Vice President Al Gore co-founded and chairs, reportedly sold in the fourth quarter all the Nike stock (NKE) it owned.

Generation IM also folded on Mastercard (MA) stock, Barron’s reported. The firm initiated a position in Nvidia stock (NVDA) in the quarter, bought more Texas Instruments stock (TXN), and cut back on Microsoft stock (MSFT).

Generation IM declined to comment to Barron’s on the transactions.

“Some may have an issue with Gore’s brand of environmental activism through his Climate Reality Project and other outlets. Generation IM itself may have detractors based on its pledge to invest in ‘sustainable companies.’ Yet one would have a hard time making a case that Gore and his team aren’t delivering results,” Barron’s reported.

The largest public fund by assets that Generation IM manages, Lombard Odier Funds-Generation Global, continues to beat the market. The class of the fund with the U.S. dollar as the reference currency is beating the SPDR S&P 500 ETF (SPY) over one-, three-, five-, and 10-year trailing periods in total returns, according to Morningstar.

Meanwhile,  Asana Inc., a work-management software startup backed by Gore, recently agreed to lease space at 3 World Trade Center as it looks to expand in New York City.

The company, led by Facebook co-founder Dustin Moskovitz, will take about 17,000 square feet (1,600 square meters) of space on the 36th floor of the lower Manhattan tower. Asana said it expects to move in this summer, Bloomberg reported.

The firm, started in 2008, offers productivity software that helps teams assign and oversee project tasks. In November, San Francisco-based Asana said it was valued at $1.5 billion after raising $50 million in venture funding led by Gore’s Generation Investment Management, which also led a prior $75 million round. It already has offices in New York, Dublin and Sydney and plans to continue growing overseas.

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Barron’s: Al Gore Buys Nvidia, Sells Nike, Mastercard, Microsoft Stock
barron’s, al gore, nvidia, nike, mastercard, microsoft, stock
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2019-36-22
Friday, 22 February 2019 02:36 PM
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