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At Axa Framlington Select Opportunities, manager Nigel Thomas has 8.85 per cent of his £2.7bn fund in technology, which includes a large holding in Imagination Technologies.
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But the decision by the Gates Foundation to invest substantial funds in technology that has been promising an agricultural revolution for almost two decades provoked anger last night.
It is the canonical source of all things related to angel funding in technology now.
At the end of February 2000 -- just before the technology bubble began to deflate -- 72percentt of all assets in Fidelity's sector funds were in technology funds or in utilities funds, a group dominated by once-hot funds that invested in energy and telecommunications companies.
" Fifty-five percent of the fund is in technology.
Nearly 70percentt of the MidCap fund is in technology stocks.
Barry Randall, who runs First American Technology Fund, a mutual fund specializing in technology stocks, bought 7,500 Google shares in the auction before the trading.
"I certainly wouldn't characterize this as a hot time for Internet I.P.O.'s," said Barry Randall, who runs the $107 million First American Technology Fund, a mutual fund specializing in technology stocks, based in Minneapolis.
J.B.: with brother, Anthony (see), runs venture capital fund, invests in technology, manufacturing.
Funds specializing in technology and communications rose more than 24percentt, and international funds gained 18.9percentt.
Diversified funds with many large stocks were not badly damaged, while funds concentrated in technology stocks were.
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