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On average, sponsorship money accounts for 42 percent of team budgets, and the level of those funds rises and falls according to viewing figures.
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His funds rose 16percentt last year, according to the letter.
Health care funds rose 3percentt, while energy funds lost 1percentt and utilities funds fell 3percentt.
Business with financial firms, such as insurance companies and investment funds, rose by 18%.
It estimated that assets in art investment funds rose 69 percent last year, to $1.62 billion worldwide.
Remarkably, however, the number owning via mutual funds rose by more than 1m.
Japanese funds rose 21.6percentt, and emerging-markets funds were up 14.1percentt.
Asian Funds Rise Greenwich and Mayfair, the hedge fund capitals of the United States and Britain, may be shrinking.
Meanwhile, it said, the number of United States-focused funds rose by just 3, to 137.
Between 2003 and 2008, investment in commodity index funds rose from $13bn to $317bn.
For the quarter, Firsthand's six technology funds rose an average of 43.2percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com