Saga Partners’ Q4 2022 Investor Letter

Investment management company Saga Partners recently released its second half 2022 investor letter. A copy of the same can be downloaded here. In the second half of 2022, the fund declined 40.0% net of fees compared to a 7.6% (including dividends) increase for the S&P 500 Index. The annualized return of the fund since inception is -9.3% net of fees compared to the S&P 500’s 11.4%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.