White Plains, N.Y. - Kinetics Asset Management of White Plains, N.Y. is in an expansion mode. Four-and-a-half years after introducing its flagship Internet Fund, the fund group is in negotiations to acquire a small fund group with complementary competencies. Also, on May 1, Kinetics will add an A share class to three of its most popular, previously no-load funds, allowing the firm to widen its distribution to broker/dealers.

Kinetics, the adviser to nine equity mutual funds, five of which invest in companies whose business depends on the Internet, as well as a government money fund, is expecting by late summer to acquire a small no-load fund group outside New York, said Steve Samson, president and CEO of Kinetics in an interview at the company's headquarters here.

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