Plus Kaplan is an active trader and turnover (read capital gains) is a high 341%.

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These funds have below average turnover, which deceases capital gains.

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Active funds have high portfolio turnover and distribute more in taxable capital gains than comparable index funds.

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Well the results of the first half of 2012 are now available from Rosstat and, at first glance, they would appear to be ground for significant optimism: GDP grew at a 4.9% rate, fixed capital formation grew at 4.7%, and retail turnover galloped ahead at a rapid 6.9% annual rate.

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Hence, the more capital flows into local media businesses, the higher the industry's turnover, the more new firms are created, the greater the chance that it will make more locally.

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Now sources say Eos is scrambling to line up a fourth round of financing, perhaps from one or more investors in Dubai. (Current backers include U.S. venture outfits Golden Gate Capital, Sutter Hill Venture and Maveron.) Lebron confirmed the ad-agency split but declined to discuss turnover or financing issues.

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