Portfolio Options

Roumell Asset Management has three primary portfolio options: Roumell Equity, Roumell Balanced and Roumell Fixed Income. Roumell Asset Management is first and foremost a value-oriented manager. We have always tended toward smaller and mid-sized companies because they are more likely to be inefficiently priced, and therefore, value investment candidates. However, when market conditions dictate we will also consider large cap opportunities. In short, we seek value first, in whatever market segment that it occurs.

Roumell Equity Accounts

Equity Accounts can have up to 100 percent of their assets invested in stocks, although they may also include a mixture of high-yield bonds, high grade bonds and closed-end bonds funds (if we believe that these offer a favorable risk/reward profile). We typically hold between 30 and 35 stocks. More concentrated strategies are available.

Roumell Balanced Accounts

Balanced Accounts combine of equity, fixed income and cash investments. Our investment approach to the equity portion of these accounts is the same as our approach in Equity Accounts. However, Balanced Accounts typically hold between 25 and 30 individual stocks because we are not investing the whole account in equities.

In selecting bond investments, we exercise our value discipline and buy only fixed income securities that we believe represent value on a risk-adjusted basis. We buy individual government agency, investment grade and high-yield corporate, municipal and foreign bonds. However, our favorite vehicle in this category is the closed-end bond fund.

Closed-end mutual funds are a unique investment class, a hybrid of traditional open-end mutual funds and stocks. Because closed-end funds are often inefficiently priced (funds often trade at a discount to their underlying net asset value), they present an opportunity to add value to our fixed-income security selections.

Roumell Fixed Income Accounts

Fixed Income Accounts are for income investors with a total return perspective. We seek to opportunistically take advantage of the dislocation present in the debt markets either via direct investments or indirectly through the purchase of closed-end bond funds. These accounts are comprised of closed-end bond funds, individual bonds and open-end bond funds. Open-end bond funds may reside in these accounts to the extent a closed-end fund “open-ends” or merges into an existing open-end fund. The account may be invested in both high yield and investment grade bonds.

Roumell Asset Management has a minimum account value of $500,000.

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"Our firm invests, again and again, in companies and securities that we believe are significantly undervalued given relevant merger/acquisition activity, net asset value analyses, going-private transaction activity and reasonable going-concern values. To wit, we study companies and not the stock market." - Roumell Quarterly Report