In yet another death of a dot-com fund complex, the Van Ness Funds yesterday filed with the Securities and Exchange Commission to liquidate all five of its index funds. The funds were distributed through Whatifi.com, an online financial services firm, which targeted younger investors with the funds and financial planning advice.

With the closing of the funds, Whatifi.com and the Van Ness Funds join the likes other dot-com firms that have recently fizzled. Last year, X.com Funds, StockJungle.com, Allied Owners Action Fund and MetaMarkets.com all pulled the plug on their struggling online fund offerings.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.