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Strategies & Market Trends : Jacob Internet Fund -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (4)	12/13/1999 6:38:00 PM
From: astyanax	Read Replies (2) \| Respond to of 62

Hey Panita, thanks for starting this thread, I noticed your post in an IPO forum. Speaking of IPOs, they will be important to the performance of this fund. After all, if you want to concentrate solely on pure play Internet stocks, and particularly small cap ones, you have to look to the IPO pipeline. Ryan, both as a portfolio manager of The Internet Fund, and as former research director of IPO Value Monitor, at least knows a thing or two about IPOs. Though it appears in his previous tenure, he very rarely bought IPOs, either because he thought they were too expensive or because he could not get allocations. The latter point shouldn't be a problem with this fund, although performance will be fairly sensitive on the asset size of the fund. If the fund attracts a lot of assets, any rocketshot IPOs will become increasingly insignificant on fund performance. The only other fund that jumps to my mind (regarding Net IPO boosts, which is not a particularly good reason to buy a fund) is RS (Robertson Stephens) Internet Fund, which opened a couple weeks ago. Manager Jim Callinan (also of RS Emerging Growth) has a lot of experience (and highly regarded by his peers) with the Net sector and should get IPO allocations that will significantly pump up the returns for this (like Enterprise Internet Fund earlier in the year) fund for the moment. - Netconductor.com PS As far as I know, Jacob hasn't reached the asset threshold to receive a ticker, but should soon. In the meantime, it should have a CUSIP#.