Catholic values fund fires back at N.Y. Times

Dec 24, 2008 @ 12:26 pm

By Jeff Benjamin

Ave Maria Mutual Funds in Bloomfield Hills, Mich. is firing back at The New York Times editorial board’s recent attack on the investment strategy applied by the Catholic values fund family. The Dec. 18 editorial chided the fund family’s investment adviser, Schwartz Investment Counsel Inc., also of Bloomfield, for standing “starkly on one side of the old, deep ideological fault line that divides the church’s conservative and liberal wings.” The editorial took specific issue with investments in defense contractors such as United Technologies Inc. and “junk food giant” ConAgra Foods Inc. Omaha,

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