All of Profund's capital was contributed in dollars and then invested in local currency.

ECONOMIST: Are the poor a good investment?

ProFund Advisors' William Seale hit the bull's-eye by selecting Transmeta as a stinker.

FORBES: Pick One Stock

William Seale of ProFund Advisors says that Carnival will now suffer as the heavy burden of overhead is spread among fewer vacationers.

FORBES: Pick one stock

ProShares Ultra Russell2000 Value (UVT) is my worst-rated small-cap value ETF and ProFunds: Mid-Cap Value ProFund (MLPSX) is my worst-rated small-cap value mutual fund.

FORBES: Tough To Find Quality In Small-Cap Value Funds

But Profund's manager, Alex Silva, soon found himself attending monthly meetings of the institutions he had invested in and getting involved in managing them.

ECONOMIST: Are the poor a good investment?

Initially, Profund had expected to be a passive investor.

ECONOMIST: Are the poor a good investment?