Generation Investment Management LLP, founded by former U.S. Vice-President Al Gore and former Goldman Sachs Group Inc. executive David Blood, said it hired Mike Ramsay to start investing in the credit market.Funny, GIM is the acronym for Government-Industrial Monstrosity, Eisenhower's MIC on steroids and now deep in finance. Carlyle knows the GIM as well as any PEU (private equity underwriter).
Ramsay was previously global head of leveraged finance at private-equity firm Carlyle Group in London where he helped raise more than 5 billion euros ($6.6 billion) for various funds, Generation Investment said today in a statement.
Blood & Gore cite sustainability, but PEU's 30% annual returns are bubble like. When they pop, who gets sprayed?
Too big to fail remains. It's joined by too connected to fail.