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Well, the problem is that venture capital is actually a very tiny asset class.
Seeing a potential for the industry despite its tiny asset base and somewhat disreputable image, FORBES put a spotlight on funds.
Its 1.95% annual expense charge is high for a stock fund but seems excusable given the tiny asset base of $15 million.
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He is not alone in seeing microcredit the lending of tiny amounts of money to people with even tinier assets—as at the point of take-off in his country.
StockJungle.com, a tiny Los Angeles asset manager, hopes to open its new Hot Hands hedge fund by June.
And, thanks to the spread of "passively" managed indexed funds that earn tiny fees, asset-management is not the money-spinner it once was.
At 42, he runs Pilgrim Baxters tiny PBHG Large Cap Value Fund (assets, $45 million).
Over the past three years the tiny fund (assets, $19 million)has returned an average annual 25%, beating its large-cap-value peers by five percentage points per year.
But with net assets of $113,930,303 and 21,015,017 shares outstanding at the end of 2006, TINY's net asset value (NAV) per outstanding share was $5.42.
In America investors pay a tiny fee on asset transactions to cover regulatory costs.
A star performer is Columbia High Yield, a tiny ($82 million in assets) junk fund that is up 4percentthis yearar while Lipper Inc. reports the average junk fund has lost 8.9percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com