Kendrick Kam and his new firm, Ingenuity Capital Management LLC of Los Altos, Calif., may add new value-oriented funds in the medical technology sector, according to a proxy statement the firm filed with the SEC Sept. 16. The funds would join Ingenuity's Medical Specialists Fund.
Kam, president of Ingenuity, was the portfolio manager for the fund when it was advised by Interactive Research Advisers of San Jose, Calif. Interactive serves as adviser to the Firsthand Funds. Kam formed Ingenuity in July after leaving Interactive. (MFMN 8/16/99) The Sept. 16 proxy statement asks shareholders to approve a new management agreement between the Medical Specialists Fund and Ingenuity. Kam built a strong performance record as co-manager of the Firsthand Technology Value Fund, a fund Morningstar of Chicago, the fund rating firm, named the top technology fund over five years through July 31.