Saga Partners: 30% Annualized Since Inception Picking Growth Stocks At A Discount

Joe Frankenfield's Saga Partners is only five years old, but during this time, the firm has earned itself a reputation for picking investments.

Q4 2021 hedge fund letters, conferences and more

The separately managed accounts strategy returned 63% net in 2019 and 121% in 2020, although performance deteriorated in 2021. Last year, the strategy lost 11% against a 29% return for the S&P 500.

Still, even after this double-digit loss, the Saga Partners Portfolio has returned nearly 30% annualized since its inception compared to a return of almost 19% per annum for the S&P 500.

Frankenfield selects companies for Saga's portfolio based on three main criteria:

1. Is the company building a durable competitive...
   

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