Fremont Investment Advisors of San Francisco on March 10 closed the Fremont U.S. Micro-Cap Fund to new investors. The fund has over $1 billion in assets under management.

Assets in the fund surged in 1999 largely because the fund returned 129.5 percent last year, the firm said in a statement. For the five years ended Dec. 31, 1999, the fund returned an average 42.06 percent a year, the firm said.

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