Al Gore, who served for eight years as Bill Clinton’s vice president and narrowly lost the disputed presidential election of 2000, is launching a new type of socially responsible mutual fund, Financial Times reports.

Gore is teaming with former Goldman Sachs Asset Management CEO David Blood to create Generation Investment Management, a London-based fund that will invest in the stocks of global funds that blend environmental awareness with social accountability, a fledgling type of socially responsible investing known as "sustainability research." Along with four other partners, the founders have invested "double-digit" millions of dollars in the start-up.

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