It looks like Net guru Steve Harmon has left his post on the fledgling Internet fund that once bore his name.
On Oct. 17,
Zero Gravity Funds
, formerly e-Harmon Funds, filed a seemingly routine supplement to the prospectus for the fledgling $6.2 million
Zero Gravity Internet
fund -- formerly the e-Harmon Internet fund. The filing updated the fund's portfolio management team listing Lisa Cavallari, Randy Chin and Patrick Wong -- leaving Harmon notably absent.
Harmon, a co-founder of the firm, which has a VC and research unit in addition to its funds effort, may have left the firm altogether. Cavellari didn't immediately return an early morning call for comment, but Harmon's bio is no longer listed with other executives' on the firm's snazzy Web site.
If he has left the firm, it's hard to say how that might affect the fund. He was the only member of the management team without portfolio management experience -- he had built Net indices in the past but hadn't run a fund.
The fund, launched in May, is down 11.4% over the last three months, which actually beats the average tech fund, according to
Harmon made his name as an analyst and commentator on Net stocks way back in the 1990s. In May he shared his view on Net stocks in this
The firm's decision to switch its name to Zero Gravity and add other managers to the fund back in
August may have presaged his apparent departure.