Maybe you could use an advanced filter to copy the records for only the fund
you want to see onto a new sheet, then base the pivot table off that sheet.

Or, you could create the pivot table with all the funds as you do now, then
use a macro like the following to hide all but the desired fund:

Option Explicit

'Set SelItem to the fund you want to display.
Public Const SelItem = "My Fund"

Public Sub ShowItem()
'Declare local variables
   Dim ItemFound As Boolean, x As Long, pvtItm
   ItemFound = False
'Make the first pivotitem visible
   Set pvtItm = ActiveSheet. _
     PivotTables("PivotTable1"). _
     PivotFields("Fund").PivotItems(1)
   pvtItm.Visible = True
'Hide every item in the pivottable that does not
'match the selected item.
   For x& = 2 To ActiveSheet. _
     PivotTables("PivotTable1"). _
     PivotFields("Fund").PivotItems.Count
       Set pvtItm = ActiveSheet. _
         PivotTables("PivotTable1"). _
         PivotFields("Fund").PivotItems(x&)
       If pvtItm = SelItem$ Then
           pvtItm.Visible = True
           ItemFound = True
       Else
           pvtItm.Visible = False
       End If
   Next x&
'Unless the first PivotItem matches the
'selected item, hide it.
   Set pvtItm = ActiveSheet. _
   PivotTables("PivotTable1"). _
   PivotFields("Fund").PivotItems(1)
   If pvtItm <> SelItem$ Then
       If ItemFound = True Then
           pvtItm.Visible = False
       End If
   Else
       ItemFound = True
   End If
'If no item in the pivottable matches the selected item,
'display an error message and quit.
   If ItemFound = False Then
       MsgBox SelItem$ & " not found in pivot table"
       Exit Sub
   End If
'Free object variables
   Set pvtItm = Nothing
End Sub

Copy & paste this code into a VBA module in your workbook. This makes the
first item in the pivottable visible, then loops through the rest of the
records once. Every record is hidden unless it matches the selected item.
Finally, the first record is also hidden, unless it happens to match  the
selected item. I wrote it this way because:
1) You can never hide all the records in a pivot table. At least one must be
visible at all times; and
2) There is no single command to hide or unhide all the records at the same
time. You have to loop through all the items.

Hope this helps,

Hutch

On your pivot table, click on the fund field arrow, and deselect all the
items, then select the one fund you would like to keep. Next time when you
close and reopen the table it will only show that one fund.

h.t.h