Forbes on Investments of the Wealthy
I had great fun teasing Peter Kinder today about a typo in an article published by Forbes. The piece mentions that KLD’s Domini 400 Index has averaged an annual return of 12.7% since its inception back in 1009. I asked Peter if William the Conqueror was an original investor.
Kidding aside, the Forbes piece is interesting as it mentions that while interest in hedge fund investing by wealthy individuals has dropped 10% over the past year, SRI assets acquired by the same group have tripled since 2005.
I never thought I would see the day when Forbes would downplay hedge funds to boost “SRI and ethical investing”.
For for the full Forbes article, click here.
