David J. Schoenwald
Maurice Schoenwald, right,
with David Schoenwald
David J. Schoenwald and Murray Rosenblith are the Fund’s portfolio managers. David has managed New Alternatives Fund since its inception. He was a co-founder of the Fund with his father, Maurice Schoenwald. 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 of the investment advisor were paid by the Schoenwald’s law firm for several years. The participating friends and neighbors became the Board of Directors. Several of the founding Directors remain on the Board. The portfolio managers regularly invite shareholder commentary and are attentive to and influenced by shareholder commentary.
“We seek to be affirmatively socially responsible. We select companies that produce materials and create projects that benefit the environment.”
David J. Schoenwald is a Fund Founder, President and Director of the Fund as well as President of Accrued Equities, Inc., the registered broker/dealer firm that serves as the Fund advisor. He was formerly a journalist with the Newark Star Ledger, an attorney with Nassau Law Services, a poverty law agency, and then entered private practice with his father. He is a member of the New York Bar (1976). David has a B.A. in English and Philosophy from Macalester College and a J.D. from Hofstra University.
Murray Rosenblith is a registered principal of Accrued Equities, Inc. and has been a Fund manager since 2008. He has served as a Director of New Alternatives Fund since 2003 and has been Secretary of the Fund since 2010. He holds several securities licenses. From 1985 to 2008, he served as Executive Director of the A.J. Muste Memorial Institute, a publicly funded charitable foundation which supported activist groups working for nonviolent social change. His duties there included raising funds and managing assets and investments for the Institute and its sponsored organizations. He helped start and manage the endowment of an affiliated group and was a 20 year member of the Social Investment Forum. Prior to his position at the Muste Institute, he was an editor and business manager at WIN Magazine from 1974 to 1982. Murray has been an activist and organizer in social justice movements for over 40 years. He received a B.S. in Journalism from Boston University.
Maurice Schoenwald passed away in 2012. He served as Chairperson and Director of the Fund as well as Founder and Secretary of Accrued Equities, Inc. He 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 instructor. He was a member of the New York Bar (1947) and the Florida Bar (1978).