Startups always have an affinity for the first person to pay for their service or product. For us that person goes by the name Mr. Fein and not only was he the first to subscribe to AlphaClone, he was the first to demonstrate just how addictive our service can be - logging in an average of slightly more than one time per day since he has been an AlphaClone member. Safe to assume he's created a few fund groups!
Well here's a big hat tip too Mr. Fein and when you have a look at his eponymous fund group which we have now published so all full members can access - you're going to want to tip your hat as well. Mr. Fein selected four funds to combine into what we now call The Fein Group. The group is made up of highly "clonable" funds like Appaloosa Management but also includes one or two funds you might not expect. The group's Top 5 Holdings clone, long only has returned 21.4% annualized since 2000 and has had a LOWER max drawdown than the S&P500TR over that period (32.5% for the clone vs. 50.9 % for the index). Among this clone's current holdings are Bank of America [BAC], Wyeth [WYE] and Freeport McMoran [FCX]. A "Fein" thing indeed.
Well here's a big hat tip too Mr. Fein and when you have a look at his eponymous fund group which we have now published so all full members can access - you're going to want to tip your hat as well. Mr. Fein selected four funds to combine into what we now call The Fein Group. The group is made up of highly "clonable" funds like Appaloosa Management but also includes one or two funds you might not expect. The group's Top 5 Holdings clone, long only has returned 21.4% annualized since 2000 and has had a LOWER max drawdown than the S&P500TR over that period (32.5% for the clone vs. 50.9 % for the index). Among this clone's current holdings are Bank of America [BAC], Wyeth [WYE] and Freeport McMoran [FCX]. A "Fein" thing indeed.
