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Rating:A Mutual Fund for Democrats? Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, June 19, 2006

A Mutual Fund for Democrats?

by: Neil Anderson, Managing Editor

Tired of investing in companies that give money to your sworn political enemies? The Blue Fund Group may have the answer in its first mutual fund, called simply The Blue Fund. The Manhattan-based startup filed Tuesday with the SEC, CNN reported Friday. Using the so-called "Blue Index" of the S&P 500, constructed by Blue Investment Management LLC, the fund offers investors "a way to put their capital to work for a progressive America," according to the fund's founders.

Fund CEO Daniel de Faro Adamson serves as the fund's portfolio manager, and as the co-founder, manager and CEO of Blue Investment Management. Previously, Adamson worked for three years at consulting powerhouse McKinsey & Company and for one year at a hedge fund in New York. Aaron Masek, director of fund administration and principal financial officer at BISYS Fund Services Ohio Inc., will serve as the company's treasurer and principal accounting and financial officer.

Fees for the fund total 1.75 percent, including 0.25 percent in 12b-1 fees. BISYS serves as the fund's non-bank trustee and custodian to IRA accounts, transfer agent, and principal underwriter.  

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