Summer is icumin in and stock markets are suffering from low volumes and indecisiveness. It’s not the bulls or the bears these days; it’s the sloths. France, which celebrated its national holiday yesterday, is still recovering from the firehouse balls and nothing will happen until next week.
From Institutional Investor, which I used to write for in Paris, I got this:
In the article titled “Al Gore’s Fund Suffers and Green Investors are Seeing Red,” which appeared on our web site on July 13 and 14, we wrongly stated that the Generation Global Equity Fund was, according to its Securities and Exchange Commission filings, worth only $2.4 bn at the end of March 2010, having originally been worth $5.3 bn when it was closed to new investments in 2008.
We accept that these figures are wholly incorrect. The Fund’s SEC filings state the value of the Fund’s U.S. investments only (which at the end of March 2010 were approximately $2.6 bn), and not the value of the whole Fund. We understand that the value of the Fund at that date was $5.6 bn, and that the Fund has therefore grown in value since 2008.
