Ryan Jacob, who became a poster boy for the burst of the bubble after being lionized for his triple-digit returns in the 1990s, is back, Investor’s Business Daily reports.

The Jacob Internet Fund is up 43% over the past year, making it the nation’s best-performing stock fund for the past year, according to Morningstar. That certainly is a reversal of fortune, as the fund lost 79% in 2000, 56% in 2001 and 13% in 2002. Its three-year annualized loss is 41%, versus a 12% decline for the S&P 500.

Jacob says he has mostly stopped buying dot-com staples, such as Amazon, eBay and Yahoo!, which he used to buy and hold. Instead, he trades in and out of an obscure mix of small- and mid-cap stocks, such as three Chinese portals he now holds.


The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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