- David Rainey co-manages the Hennessy Focus Investor fund, which aims to beat the market with a small and concentrated approach. Over the past 20 years, it’s the top-ranked US mid-cap fund.
- The fund’s portfolio is tiny compared to its competition, and Rainey says that’s an advantage because he’s investing in the companies where he has the most confidence instead of just covering his bases.
- Rainey says the fund invests in stocks that are trading at the market multiple relative to their earnings, but who look like they’ll have much stronger earnings growth than the broader market.
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