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Investors of the month: August 2024

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  • August began with market turmoil due to a poor July jobs report and negative payroll revisions.
  • But sentiment improved as the Federal Reserve indicated upcoming interest rate cuts.
  • Top investors in August include Jim Robillard, Nam To, and ProShares UltraShort Ether ETF managers.

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%

Read the original article on Business Insider