Investors of the month: August 2024
August started out on a bad foot for investors as a poor July jobs report and eye-popping downward payroll revisions roiled markets. But sentiment recovered as the Fed signaled that rate cuts are on the way.
Here are our investors of the month for August 2024, highlighting top US-focused stock fund managers (considering both mutual funds and ETFs) and international-focused managers. A “Holy Shit” fund of the month, which features the fund with the highest returns (often a levered fund, which are not considered for the investor of the month categories) for the given month is also featured.
Data is through August 31, and is pulled from Lipper, Dow Jones, and Google Finance.
Investor of the month — US-focused funds
Jim Robillard, Spyglass Capital Management
Fund: Spyglass Growth Fund (SPYGX)
Type of fund: Mutual
August return: 9.81%
Year-to-date return: 13.28%
Top 3 holdings: Ascendis Pharma; Shift4 Payments; AppLovin Corporation
Investor of the month — international-focused funds
Nam To, Global X
Fund: Global X MSCI Argentina ETF (ARGT)
Type of fund: ETF
August return: 13.89%
Year-to-date return: 29.83%
Top 3 holdings: Mercadolibre; Ypf; Grupo Galici
‘Holy Shit’ fund of the month
ProShares UltraShort Ether ETF (ETHD)
Managers: George Banian; Alexander Ilyasov
August return: 39.05%
Year-to-date return: 61.65%
