
Maurice and David Schoenwald,
the Fund’s portfolio managers,
have managed the fund since its inception. They were private practicing
attorneys personally interested in liberal, social and environmental
matters when they founded the Fund in 1982. They invited friends
and neighbors to join them in this project. Each of the friends and
neighbors made a modest contribution to reach $100,000 – the
minimum required by the Securities Exchange Commission to start a
fund.
Operating costs were paid by the law firm for several years. The
participating friends and neighbors became the board of directors.
The surviving directors remain on the board. The portfolio managers
regularly invite shareholder commentary and are attentive to and
influenced by shareholder commentary.
Maurice Schoenwald is a Fund Founder,
Chairperson and Director
as well as Founder and Secretary of Accrued Equities, Inc. He has
authored articles on investment and legal material. Maurice was
a neighborhood lawyer engaged in a large variety of legal subjects.
He taught law to accounting
students at Hofstra University as an adjunct. He is a member of the New York
Bar (1947) and the Florida Bar (1978).
David J. Schoenwald is a
Fund Founder, President and Director
of the fund as well as President of Accrued Equities, Inc. He was
formerly a journalist with the Newark Star Ledger and an attorney
with Law Services, a poverty law agency. He is a member of the
New York Bar (1976). David is the son of Maurice Schoenwald.
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