Effective January 1, 2010, we’re changing entitlements in our Guest Pass and Basic membership levels based on feedback from you. A lot of you have told us you’d like to see more of our clones made available for free and others have said they would like to see more value in our Basic membership tier. We’ve responded to both suggestions. Here’s what’s changing.
Guest Pass
The Tiger Cubs and Berkshire Hathaway clones are no longer a part of the Guest Pass membership tier. Instead we are granting access to our Top 3 Holdings strategy for EVERY individual fund we track (including Berkshire). That’s right – now Guest Pass members will have access to about 280 clones, one for each hedge fund in our database. We hope you’ll enjoy free access to these clones and share them broadly with your investor colleagues.
Basic Membership
The Tiger Cubs is now available to Basic and Full members ONLY (it is no longer available to Guest Pass members). In addition, Basic members will continue to have access to all clones based on individual funds. That is over 2,500 clones across 280 funds and nine different clone strategies. The Basic membership price will remain at $29.95 per month but effective January 1 we will be converting to quarterly billing cycles.
In 2009, our clones saw stellar returns including those accessible by Basic members – as of 12/3/2009 over 63% of our single fund Best Ideas clones and 40% of our Top Holding clones were beating the market by 10 percentage points or more. As an example of those returns, our Top 10 Holdings clone for Appaloosa Management is up more than 125% so far this year as of this writing – rumor has it that performance (gross) is on par or better than what the ACTUAL fund has returned this year (net)! Finally our Tiger Cubs Top 10 Popularity clone is returning 56% this year – all this for less than half the price of your cable bill!
Full Members
The entitlements for the Full membership level are unchanged – as a Full Member you get access to all single fund and fund group clones and you get access to our custom fund group generator where you can custom create your own hedge fund based on your preferences. As announced in your monthly billing statements, on 1/1/10 the Full membership price will revert to its standard price of $99.95 per month and just like the Basic tier, we’ll be converting to quarterly billing cycles from monthly.
