Vice Is His Business, but Not His Pleasure Vice Fund Finds Success in Darker Sides of Life; Focus Is On Alcohol, Tobacco, Gaming and Defense

Summary


Charles L. Norton likes his job, but he wishes he could change the name of his employer.

That is perfectly understandable coming from a soft-spoken, well- groomed 33-year-old family man who would rather be known as a shrewd investor than as a vice lord.

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Vice Is His Business, but Not His Pleasure Vice Fund Finds Success in Darker Sides of Life; Focus Is On Alcohol, Tobacco, Gaming and Defense

He is both.

Norton, who lives in suburban Dallas, manages the $124 million Vice Fund, a mutual fund that is exactly what it sounds like. While the investment landscape is littered with funds that decline to invest in companies they find ...

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