The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Another Internet Fund is Gone Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 20, 2002

Another Internet Fund is Gone

by: Sean Hanna, Editor in Chief

Nothing but net has become ... well, nothing. The Wescott Technology Fund, which began life as the Wescott Nothing But Net fund is being liquidated by its directors.

The fund has just $60,000 in assets, making it unviable going forward, the firm explained in an SEC filing announcing the decision. So far this year the fund had lost more than 42 percent in value. Since its launch, the fund is down more than 85 percent.

Wescott launched the fund in January 1999 at what in retrospect was the peak of the dotcom mania. The fund changed its name last year as the advisor attempted to diversify the fund's investments into a broader selection of technology stocks.

It was unable to shake it abysmal track record, though, and continued to shed assets.

Remaining shareholders will have their shares redeemed.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use