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Ryan Jacob Leaving Internet Fund

 

Ryan Jacob, who managed the (WWWFX Quote)Internet fund to a 271% return over the past year, has resigned.

Peter Doyle, one of the fund's co-founders and soon-to-be chairman of the fund's adviser, Kinetics Asset Management, says Jacob left the fund Wednesday because he wanted to start his own company.

Steven Tuen, 30, will take his place. Tuen is director of the newsletter IPO Value Monitor, a job held by Jacob before he took over the Internet fund. ...

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