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Alternative Energy Fuels One of Quarter's Top-Performing Funds

 

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One of the top performing funds of the third quarter owes more to Ralph Nader than it does to Warren Buffett.

The (NALFX Quote)New Alternatives fund, which invests only in clean-environment companies involved in such industries as alternative energy, recycling and natural foods, has had an impressive track record this year. It is ranked No. 2 among all funds for the third quarter, with a 32% return. And its 74% year-to-date return ranks among the top 15 funds, according to Lipper.

But the fund's father-and-son management team of Maurice and David Schoenwald don't want investors who are just looking for performance -- they're more interested in attracting true believers. ...

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