Mutual Fun

Scheiber, Noam
July 2006
New Republic;7/3/2006, Vol. 235 Issue 1, p20
The article reports that conservative activist investor Steve Milloy is fighting against environmentalism and other liberal issues with mutual funds. The Free Enterprise Action Fund invests in companies that are embattled by liberal activists. The investments give Milloy a seat on the corporate boards, where he can vote against concession to the left. Milloy's fund and Dan Aherns Vice Fund, investing in tobacco, alcohol and weapons companies, are a response to socially responsible funds.


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