Al gore finally finds paying job!!!
Roger Baker
rcbaker@eden.infohwy.com
Mon, 19 Nov 2001 22:06:50 -0800
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Like they say, even a blind hog finds an acorn now and then.
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http://biz.yahoo.com/ms/011119/6420.html
Monday November 19, 11:50 am Eastern Time
Morningstar.com
Al Gore Named Vice Chairman of MetWest Financial
By Elizabeth S. Armbuster
Former vice president Al Gore has joined Metropolitan West Financial, a=20=
holding company that encompasses Metropolitan West Asset Management, the=20=
firm announced today.=A0Gore will serve as a vice chairman for MetWest. =
In=20
this role, he'll help develop private equity strategies in the=20
biotechnology and information-technology fields, as well as advise on=20
international markets.
In his new role, Gore will shift gears from his experience as a public=20=
servant in business and economic issues to one of an active executive,=20=
he said in a press release. Gore said he liked the ``public spirit and=20=
community'' of the Los Angeles-based=A0MetWest, and praised the =
integrity=20
of the firm's other executives. It's unclear at this point how much of a=20=
role Gore will have in the direction of equity strategy at the firm=20
given his multitude of other responsibilities. Gore will continue=20
teaching college courses at two Tennessee universities, and will retain=20=
a research position at the University of California Los Angeles.=A0
MetWest's asset-management=A0division=A0is home to several of =
Morningstar's=20
favorite bond funds. Metropolitan West Total Return Bond (NA: MWTRX) has=20=
been one of the best performers in the intermediate-term bond fund=20
group, said Morningstar fund analyst Scott Berry. The fund's three-year=20=
trailing return of 7.9% ranks near the very top of the category's=20
performance chart, trouncing the category's average return of 5.8%.=A0
Also, Metropolitan West Low Duration Bond's (NA: MWLIX) solid returns=20
and low volatility make it a good choice for long-term investors, said=20=
Berry. The fund suffered a recent setback from September 11; the=20
economy's downturn hit lower-quality bonds hard, and Low Duration Bond=20=
carries a 25% stake in that area, Berry said. Despite=A0its=20
greater-than-average sensitivity to economic conditions, the fund is=20
still one of the best in its category, he said.
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Like they say, even a blind hog finds an acorn now and then.
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Monday November 19, 11:50 am Eastern Time
Morningstar.com
Al Gore Named Vice Chairman of MetWest Financial
By Elizabeth S. Armbuster
Former vice president Al Gore has joined Metropolitan West Financial,
a holding company that encompasses Metropolitan West Asset Management,
the firm announced today.=A0Gore will serve as a vice chairman for
MetWest. In this role, he'll help develop private equity strategies in
the biotechnology and information-technology fields, as well as advise
on international markets.
In his new role, Gore will shift gears from his experience as a public
servant in business and economic issues to one of an active executive,
he said in a press release. Gore said he liked the ``public spirit and
community'' of the Los Angeles-based=A0MetWest, and praised the
integrity of the firm's other executives. It's unclear at this point
how much of a role Gore will have in the direction of equity strategy
at the firm given his multitude of other responsibilities. Gore will
continue teaching college courses at two Tennessee universities, and
will retain a research position at the University of California Los
Angeles.=A0
MetWest's asset-management=A0division=A0is home to several of
Morningstar's favorite bond funds. Metropolitan West Total Return Bond
(NA: MWTRX) has been one of the best performers in the
intermediate-term bond fund group, said Morningstar fund analyst Scott
Berry. The fund's three-year trailing return of 7.9% ranks near the
very top of the category's performance chart, trouncing the category's
average return of 5.8%.=A0
Also, Metropolitan West Low Duration Bond's (NA: MWLIX) solid returns
and low volatility make it a good choice for long-term investors, said
Berry. The fund suffered a recent setback from September 11; the
economy's downturn hit lower-quality bonds hard, and Low Duration Bond
carries a 25% stake in that area, Berry said. Despite=A0its
greater-than-average sensitivity to economic conditions, the fund is
still one of the best in its category, he said. </fontfamily>=
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