| Business Summary | | LCM
Internet
Growth
Fund
(the
Fund)
is
a
non-diversified,
closed-end
management
investment
company
registered
under
the
Investment
Company
Act
of
1940.
LCM
Capital
Management,
Inc.
(LCMCM),
a
registered
investment
advisor,
is
the
Fund's
Investment
Advisor.
The
Fund
was
organized
on
August
24,
1998
as
a
corporation
under
the
laws
of
the
State
of
Maryland.
The
Fund's
investment
objective
is
capital
appreciation
through
investment
in
a
portfolio
consisting
primarily
of
equity
securities
issued
by
companies
that
LCMCM
believes
will
benefit
from
growth
of
the
Internet.
Equity
securities
are
defined
to
include
common
stocks,
securities
convertible
into
common
stocks,
such
as
convertible
preferred
stocks,
bonds,
notes
and
debentures,
and
American
Depository
Receipts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FND
is
a
non-diversified,
closed-end
management
investment
company
investing
primarily
in
equity
securities
of
companies
that
participate
in
the
Internet.
For
the
fiscal
year
ended
3/31/01,
investment
income
totaled
$302
thousand.
Net
investment
loss
totaled
$238
thousand.
Net
decrease
in
net
assets
resulting
from
operations
totaled
$27.5
million.
Net
asset
value
per
share
totaled
$3.77.
Results
reflect
an
increase
in
advisory
and
administration
fees. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Michael Grady, Jr., 37 | Pres,
Treasurer, Director | Barry Glasgow, 57 | VP,
Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|