Firsthand Energy Technologies -- the newest fund from the Firsthand family -- is not even open to investors, yet it has managed to win Chuck Jaffe's "stupid investment of the week" award (see article
). Jaffe, who calls the fund a product of "craziness" points out that he gave the entire Firsthand fund family the "Stupid" award back in March 2005 in recognition of "a combination of horrible volatility and performance mediocrity." Jaffe also picks up a rumor that the last remaining Black Pearl fund (founded by Firsthand's Kevin Landis) may be about to shutter. Firsthand Energy Technologies is expected to launch in September.
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