Updated from Dec. 8, 2008

What do you get when you combine politics and business?

You get Generation Investment Management, the hedge fund founded by Al Gore, 45th vice president of the U.S., and David Blood, the former CEO of Goldman Sachs Asset Management, a division of Goldman Sachs ( GS). Their fund, which has the nickname of "Blood and Gore," has reportedly outperformed its benchmarks historically.

Al Gore, who is also a senior advisor to Google ( GOOG - Get Report), which recently proposed a $4.4 Trillion U.S. energy plan involving the replacement of all coal-fired and oil-fired electricity generation with natural gas and renewable electricity. Google, which is down around 60% for the year, had its target price lowered by Bank of America last week from $650 to $500 due to lower guidance. The stock has a P/E ratio of 16, which is in line with other search engine companies such as Yahoo! ( YHOO), with a 17 P/E. Google has a PEG ratio of 0.68, which is below the industry average of 0.78.

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Google, is also owned by Citadel Investment Group.

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