Last Wednesday Generation IM, the American asset management firm, visited its Swedish clients. Hosted by Mistra, Generation’s team presented its results and future projections. Generation’s co-founders, Chairman Al Gore and senior partner David Blood, were accompanied by Mark Mills and Esther Gilmore.
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Mistra´s office in the Old Town of Stockholm was the first stop when Generation´s team, lead by Chairman Al Gore, visited their clients during a two-week trip. David Blood presented results and future projections along with Generation´s other Swedish customers.Al Gore spoke about the outlook for the Copenhagen meeting in December. Without great expectations of concrete success, he was still positive about possibly achieving a frame work.
The release for Al Gore´s next book about climate change is set for November. At this point, it will be translated into 17 different languages.
“It will be released in Swedish in November, but I have also written it in English," Al Gore joked, adding that he hopes the book will be translated into 25 languages.
Since 2005 Generation has managed 600 million crowns of Mistra´s capital. The main fund is “Generation Global Equity Fund" where Mistra has invested 500 million Skr. The second investment, made in April of 2008, is in Generation´s “Climate Solution Fund", a mutual fund consisting of both listed and unlisted companies.
As the first institutional investor with Generation, Mistra is considered a “Funding Client."
