Investing Strategy for Manager With 44% Return in 2024, Beating S&P 500
- Michael Cuggino’s fund outperformed the S&P 500 over the past year, gaining 28%.
- PAGRX’s success is due to its unique strategy, he says, focusing on quality growth firms.
- The fund screens stocks for factors including strong pricing power, earnings growth, and valuation.
Michael Cuggino, manager of the Permanent Portfolio Aggressive Growth Portfolio (PAGRX) is BI’s Investor of the Month for February.
While his fund has slipped over the last week as the market has faced a few macroeconomic challenges, it was off to a hot start in February, rising 9.5% through the 18th. And on a trailing 12-month basis, it’s smashing the S&P 500, returning 28% versus the index’s 17%.
It’s par for the course for Cuggino’s fund….
