Most fund managers look at price-to-earnings multiples when deciding whether a stock is cheap or expensive. However, one fund manager argues that that philosophy just doesn’t work. Robert Zuccaro of the Golden Eagle Growth Fund said the two keys to picking stocks are profit growth and new highs in their stock price rather than P/E multiples. Q2 2020 hedge fund letters, conferences and more Background of the Golden Eagle Growth Fund Zuccaro’s fund has $34 million in assets under management, and it’s a quant fund. The fund came in existence after the Democratic primaries one year ago because one of…
This top fund manager worries a financial transaction tax would destroy the quant business model
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.