This article originally appeared in Ticker Magazine on October 16, 2018. Norm Conley, JAG’s CEO and CIO, was interviewed.
Q: What is the history of the fund? Could you give us some background information?
A: JAG Capital Management, based in St. Louis, has assets under management and advisement of about $1.3 billion in total. JAG Large Cap Growth Fund is a traditional open-ended mutual fund, which exists since 2011. It is important to note that we manage the fund and our separately managed accounts the, and the strategy itself has been in existence since 1990. I have been the co-manager of our Large Cap Growth strategy since I joined the firm in 1999, and the lead manager for the last 10 years.
Q: What core beliefs drive your investment philosophy?
A: We are unapologetically active managers, who run a focused portfolio of between 30 and 40 individual securities. We strive to be fully invested and we aim to maintain high active share of at least 80% compared to our benchmark index, the Russell 1000 Growth.
Philosophically, we try to capture big moves over a long period of time in big companies. In terms of the companies we own, we look for superior and sustainable growth characteristics, solid fundamentals, and compelling price appreciation potential. One of the ways we identify compelling price appreciation potential is through price momentum, which is a component of both the security selection and the monitoring processes. We also look for fundamental momentum, in the sense that we want to own companies with superior top and bottom-line growth rates that we believe that good potential to persist in the future…