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Short Take: Monument Funds Group to start new Net-based mutual fund

Monument Funds Group, a Laurel, Maryland-based mutual fund and portfolio management firm, is planning a new Internet-based mutual fund with a focus on Washington, D.C.-based tech companies. The fund, which is slated for launch in mid-September, will be managed by Alex Cheung and could include such bellwethers as Microsoft, Yahoo, and Amazon.com.