There is a mutual fund product in development that could only be imagined in the age of Cyberspace - a value fund that plans to use Internet message boards to assist individual investors to influence the actions of public companies.

Little-known Privateer Asset Management of New York, on Aug. 17, registered a mutual fund called The Allied Owners Action Fund with the SEC that will use a web site to provide stockholders a forum for shareholder activism.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.