We want risk!
From The Wall Street Journal
Some of the best performing tech funds are those with the most risk. Some of these funds, all less than three years old, are up 50% so far this year after gaining more than 100% in 1999. Among these high-flyers are the Berkshire Focus Fund, Grand Prix Fund, Millennium Growth and Nevis Fund. A 50% drop in value is "a normal, routine trading range" for an Internet stock, notes Robert Loest, manager of Internet-heavy IPS New Frontier Fund and its older sister fund, IPS Millennium Fund. A risk disclosure on the IPS Funds Web site warns that the funds invest in "scary stuff" such as stocks that "go up and down like Pogo sticks on steroids."

Aetna fights to keep control
From The Wall Street Journal
In an attempt to keep control of its business, Aetna rejected a $9.9 billion takeover offer and announced plans to split the 147-year-old company into independent health care and financial services companies this year. Each new company would have its own stock. Aetna officials have stated that the health care unit and the financial services unit each have assets worth $9 billion, which would suggest a value of more than $100 a share for the combined company's stock. But some analysts say they have doubts about many of the company's estimates.
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The Los Angeles Times

T. Rowe loses its dividend man
From TheStreet.com
The original manager of the T. Rowe Price Dividend Growth fund, William Stromberg, is dropping his portfolio duties to devote himself full time to running the firm's equity research department. Thomas Huber will take the reigns of the $890 million fund at the end of this month. The large-cap blend fund, which focuses on companies that post dividends, was once a solid offering but has had some hard times along with the rest of the value back. Plus, it's one of a dwindling number of equity funds to keep its focus on income.  

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