Stephen Fung

I could not verify a public investor profile, biography, LinkedIn page, title, or current team listing for Stephen Fung tied to Saratoga Research & Investment Management. The firm’s public “Our Team” and “Directory” pages list team members and contact details, but Stephen Fung does not appear in those pages as of the pages reviewed.

The firm associated with the provided email domain is Saratoga Research & Investment Management, a Saratoga, California-based SEC Registered Investment Advisor founded in 1995. Its public materials state that founder Kevin Tanner left Smith Barney in May 1995 to start the firm that became SaratogaRIM.

SaratogaRIM manages separately managed accounts for high-net-worth individuals, retirement accounts, trusts, endowments, and foundations. The firm reports approximately $2.35 billion in SMA AUM as of March 31, 2026, plus roughly $2.61 billion in model-delivery assets under advisement.

• I found no verified public evidence that Stephen Fung is an active angel investor, seed investor, or startup investor.
• SaratogaRIM’s stated investment approach is public-equity oriented rather than venture/angel investing.
• The firm describes itself as focused on “high-quality businesses” and says its process requires strong balance sheets, non-capital-intensive business models, persistently above-average profitability, sensible capital allocation, and sustainable competitive advantages.
• SaratogaRIM says it invests when prices are “significantly below” its estimates of intrinsic value.
• The firm emphasizes downside protection and “asymmetrical exposure to risk and reward,” achieved largely through defensive investing.