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...That take-no-prisoners toughness is certainly entertaining, but behind the ego and bluster, O'Leary's real-life business performance is spotty. All four of the funds run by O'Leary's asset-management company are trailing the market this year. Shares of the company's oldest fund, O'Leary Global Equity Income Fund, which was launched in 2008, have plunged nearly 24% in the past year. Next, there's the truth-in-advertising problem: O'Leary calls himself an "eco-preneur," but many of the funds' investments are in coal companies and other large polluters. An O'Leary...
...sure, O'Leary is not the only famous investor who has struggled to stay above water in the market recently. But O'Leary's Global Equity Income Fund has sunk more than most. The average stock fund is down 12% in the past year, according to research firm Morningstar. Compared with other equity-income-fund managers, O'Leary has done even worse. Those funds, generally considered to be safer investments, on average have fallen 10%, or less than half the plunge of O'Leary's fund. And O'Leary is not doing any better since the market turned...
...Over the years, O'Leary has often been an outspoken critic of fund managers who underperform the market. He launched his first fund in May 2008. In the prospectus he wrote, "The recent market sell-off has provided an attractive entry point in a variety of high-quality public securities." Since that time, stocks in both Canada and the U.S. have plunged. O'Leary told Canadian business magazine Profit in June 2003, "There are a lot of idiot fund managers out there who add no value to the process at all." If O'Leary doesn't turn things around...
...Indian government has also announced a range of policy initiatives - a $22 billion solar-energy program, $2.5 billion forestation fund and a national energy-efficiency mission, among others - that won kudos from visiting British Climate Change Secretary Ed Miliband. "I think India wants to be a dealmaker - not a deal breaker - in Copenhagen," Miliband said during a visit to New Delhi on Sept. 2. Both the nonprofit sector and industry have also been organizing seminars and workshops with aims ranging from enhancing the Indian carbon market to supporting India's negotiating stance in three months. (See pictures of the elephants...
...Environmental groups were thrilled by the news. "It's a very brave decision," says Aaron MacLoughlin, the World Wildlife Fund's head of European marine programs. "For fishing nations like Malta and Greece to reach this agreement takes courage...