By June 1999 FAST had built a portal with a searchable index of 200 million documents--far more than the 80 million that Google could search at the time, Lervik says.

FORBES: The Finder

Second, he documents the expenses of active funds and index funds in the marketplace.

FORBES: A Sharpe Assault On Mutual Fund Fees

So Norvig's group designs tools to scan the contents of public libraries, crafts translators that convert foreign-language documents and creates ways to store and index e-mails cheaply.

FORBES

According to the article (see below) and public documents, the fund is invested about 50 percent in passive index strategies and 50 percent in active strategies including hedge funds, venture capital, real estate and special investments.

FORBES: Florida Pension Under Fire Again