Few funds have had as wild a ride or are such a study in contrasts as the Jacob Internet Fund, New Jersey's Daily Record reports.
At the height of the Internet bubble, the fund had $300 million in assets and was returning triple-digit returns. Then, in 2000, it declined 79% in value and investors began heading for the doors.--the beginning of a downward spiral that took the fund down to a mere $10 million in assets.
Today, it has $71 million under management and is branded with five
Ryan Jacob, the fund's portfolio manager, attributes his success to going after value stocks, focusing only on 40 to 50 stocks, turnover of 100% or more, talking to management and investing in stocks of all market cap sizes.