Chuck Jaffe is not buying that the latest restructuring at Van Wagoner funds will help its perennially underperforming funds. The changes, announced on Feb 20 of this year, have Insight Capital Research and Management and Husic Capital Management taking over investment management duties of the Van Wagoner funds. The switch to the sub-advised model is still subject to shareholder approval. In his column for the Boston Herald, Jaffe says the latest move by Van Wagoner smacks of desperation and urges investors to take their money out now.  

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