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Exact(55)
There were outflows from technology and Internet funds.
Even that record looks pretty good compared with one technology category: Internet funds.
There are now 20 to 30 Internet funds, up from just three in early 1998.
Compared with rockets like Internet funds, tax-efficient funds looked a bit fusty.
Mr. Jacob once ran the Kinetics Internet fund, one of the first Internet funds.
While some Internet funds shifted to a broader technology focus, some sponsors sought to attract new money by offering funds with increasingly narrower concentrations.
Similar(5)
Still, a bond fund is a bond fund and not, say, an Internet stock fund.
Some notable disappearances included the aptly misnamed Zero Gravity Internet fund, the youthful de Leon Internet 100 fund and the Internet Index fund.
One first-division firm, Draper Fisher Associates, raised $90m for an Internet fund last year.
She was a leading Internet fund-raising strategist for the 2004 and 2008 conventions.
The story became the centerpiece of Internet fund-raising appeals by animal welfare organizations.
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