Socially Responsible Investment Manager Janet Prindle '58 in New York Times
February 23, 2003
February 23, 2003, Greencastle, Ind. - "Good corporate citizens are good investments, say Janet Prindle and Arthur Moretti, co-managers of the $90 million Neuberger Berman Socially Responsive fund," reports today's New York Times. Prindle is a 1958 graduate of DePauw and member of the University's Board of Trustees. "In the fund's eyes, good citizenship can mean helping protect the environment, promoting workplace diversity and offering employee benefits like flexible work schedules and on-site day care," writes Carole Gould. "The fund shuns companies that produce tobacco, alcohol, weapons and nuclear power."
The text continues, "'We don't think we give upanything in the way of return by using social criteria' in choosing stocks, Ms. Prindle said from her office in Midtown Manhattan. Investors seem to agree. In 1980, there were just two so-called socially responsible mutual funds, holding $66 million in assets; today, 77 funds manage more than $12 billion, according to Morningstar."
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