4-Part Filter a Legacy Fund Uses to Pick Stocks That Beat the S&P 500
Hennessy Funds uses a four-step process for fundamental quantitative investing. The strategy focuses on mid-cap stocks with specific financial metrics and momentum. The fund outperforms benchmarks with a 12.39% annualized return over 21 years. It’s a hard-knock life trying to chase the stock market while balancing the business cycle, inflation, interest rate cuts, and a…