'Blood & Gore' profits quadruple

Al Gore may not yet have succeeded in his crusade to save the planet from global warming, but his sideline as a fund manager, as the firm dubbed "Blood & Gore", is going very well indeed.

Generation Investment Management, set up by the former US presidential candidate with former Goldman Sachs Asset Management chief executive David Blood, almost quadrupled profits last year.

The group, which was also launched with Mark Ferguson, the son of Manchester United manager Sir Alex Ferguson, saw profits rise from £8.6m in 2008 to £31.9m last year.

The annual results, filed with Companies House, show the fund manager lifted turnover from £19m in 2008 to $46m in 2009, with staff increasing from 24 to 30.