In March 2000, there were 275 funds delivering returns of 100% of more in the previous year. Twenty four of them delivered returns of 200% or more and the PBHG New Opportunities Fund rose a staggering 533%.

The Wall Street Journal took a look at the funds today and found that 35% of them, or 97, no longer exist; 44 were merged into other funds, 22 were liquidated and 31 disappeared from Morningstar’s database.

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