In a decision that may be a precursor to other fund families doing the same, the advisor to Sierra Club Funds and Forward Funds has changed its privacy policy and will disclose and update key information to investors on its Web site.

Forward Management, the advisor to the funds, said that it would report weekly on the daily fund flows so that investors "can review the investments and redemptions" made every day. In addition, the transactions by senior management will be listed quarterly.

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