The JP Morgan Mid-Cap Value Fund (
FLMVX) is now open to retail investors. The minimum investment is $2,500.
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Netfolio claims that in the first quarter this year 79% of its 240 Personal Funds outperformed the S&P 500.
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MyDiscountBroker, according to
The Wall Street Journal, had admitted that its $12 million ad campaign has not worked.
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The Journal also suggests that there is a movement toward consolidation in the venture capital industry as Octane Capital Management has decided not to make such investments in the future and give back assets to its own investors.
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Total mutual fund assets dropped 3.8 percent in March, to $6.6 trillion, according to the ICI's industry survey. 
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