| | When the news emerged in December that David Gelbaum, the wealthy former hedge fund manager, conservationist and philanthropist, had suspended his annual $20 million bequest to the American Civil Liberties Union, as well as high-dollar contributions to other organizations, a shudder ran through the renewable energy world.
Mr. Gelbaum, after all, is one of the country’s largest private investors in green technology, and the Quercus Trust, his family fund, has approximately $400 million parked in more than 40 green technology firms.
Speculation that Mr. Gelbaum’s green technology investments might be next to suffer quickly sprang up online. “David Gelbaum Cuts Donations – Bye-Bye, Greentech Plays?” read a recent headline on Earth2Tech.com, a green energy blog.
In an interview this week, the famously reclusive investor first pushed back against conjecture that financial setbacks had left his empire teetering...
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