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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: StockHawk who wrote (29184)	8/1/2000 2:07:56 PM
From: BI*RI	Read Replies (1) of 54805

OT G & K Mutual Fund Funny that you should bring this up. Just this weekend I was reading a Fortune Magazine (7/24/2000, pg.312, "The Right Stuff") article about Ken Kam who used to run Firsthand Funds with Kevin Landis. "Firsthand Technology fund grabbed No. 1 spot among all U.S. funds on its three-year anniversary, in May 1997, with an average annual return of 52.4% (and it's still no. 1). They were not professional investors or analysts themselves but had on the job experience in their respective areas. They used the unconventional hiring method of looking for people who had specific technical experience rather than classroom knowledge." Well Kam has left Firsthand and has now started a website where he is inviting investors to set up fantasy funds and run them as if they were actually fund managers. He gives you 1 million dollars to start (if your fund is successful you get more investment money, if not you get hit with redemptions). Essentially you buy and sell stocks as if you were a money manager. The kicker is that he is looking for good investors who he will hire to run actual funds. "Kam will track every investor's performance from day one, and when he get a year's worth of data on people who pick medical stocks (his specialty), he'll as the top five to help him manage the $50 million Marketocracy Medical Specialists fund. After he collects three years of performance on everybody, Kam will launch a family of funds run by the top stock pickers in whatever sectors or investing styles yield the best results." "I don't care where you went to school or where you work, " says Kam.....If you can produce results, you can be a fund manager for us." For credentials: "Kam walked away from Firsthand Funds when it had $1 billion in assets under management...... He took the Firsthand Medical Specialists fund with him and renamed it Marketocracy Medical Specialists fund in March." "Kam has done all the necessary legwork with the SEC to establish his own fund company... Now all he needs is the stock-picking talent. That shouldn't be too hard to find. Whoever wins Kam's competition will get a similar compensation package to the pros'." "I think we're going to find people who are better than me," Kam says. "Clearly there are lots of individual investors who are better than the pros. This is one way they can turn pro." Wouldn't be great to see a G & Ker or G & Kers get their own fund? marketocracy.com PS: The ticker BIRIX has already been taken (BI*RI Technology Fund)

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