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

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

Rating:Fund Startup Celebrates Birthday Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 6, 2002

Fund Startup Celebrates Birthday

by: Sean Hanna, Editor in Chief

Not all of the flaky fund ideas have been washed away by the bear market. Indeed, some claim to be thriving. Case in point is Marketocracy Funds. The fund firm this week marked the one-year anniversary of its Masters 100 Fund by circulating its curriculum vitae to the financial media.

It shows all performance is relative.

The fund lost 8.70 percent in its first 12 months compared to a 16.39 percent loss in the S&P 500 and a 7.39 percent loss in the Dow Jones Industrial Average. Year-to-date the fund has returned ­12.46 percent, compared to ­13.05 percent for the Dow Jones and ­19.85 percent for the S&P 500 Index.

The fund us managed by firm-founder Ken Kam with the help of what he dubbed the m100 team. That team includes the top 100 amateur investors as based on their performance track record managing a model mutual fund portfolio on the Web site.

"Given the tough market conditions we have experienced over the past year, we are pleased with the performance of the Masters 100 Fund, said Kam in a statement. "Although the track record for the Fund is short, we believe that the Fundıs ability to deliver higher return with less risk than the S&P 500 over the last year is an early affirmation that our investment process is working."

Before Marketocracy, Kam was a cofounder of what is now Firsthand Funds.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use