Finding Value in a Battered Niche; Jacob Fund Sheds Internet Losers, Seeks Better P/E Ratios From: The Washington Post | Date: March 20, 2005| Author: Matthew Keenan | Copyright 2005 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

Ryan Jacob, whose Jacob Internet Fund is the top performer among similar funds during the past three years, is selling money-losing stocks faster than ever and focusing on shares that are inexpensive relative to earnings.

"Cutting your losses makes a lot of sense," said Jacob, 35, in an interview from his office at Jacob Asset Management in New York. "It really helps you manage risk a lot better."

Jacob, along with co-manager Frank Alexander and research director Darren Chervitz,...

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