Paul D. Houk, President and CEO of New Harbor Investment
Management, LLC, has over 25 years of investment experience.
Houk created his investment philosophy of melding fundamentals
and valuation, and his reward/risk discipline, to manage
portfolios in the early 1990s. This approach is differentiated
from other investment managers by its careful balancing of
upside potential and downside risk, striving to create a
"margin of safety" for his clients.
Before founding New Harbor, he had joined T. Rowe Price in
1985, and worked as an Associate Analyst from 1987 to 1991, covering a
variety of industries and developing quantitative investment
tools. In 1991, Houk moved to Mercantile Safe Deposit &
Trust to become a Senior Analyst following the health care,
technology and telecom sectors, and Portfolio Manager of an
in-house mutual fund. From 1995 to 2001, Houk managed
institutional and high net worth accounts at SG Cowen Asset
Management in New York.
Paul Houk, a Chartered Financial Analyst, graduated with
honors from The John Hopkins University, and holds an MBA from
Loyola College, with honors. He is a member of Phi Beta Kappa
and Beta Gamma Sigma. Houk is also a member of the Baltimore
chapter of the Association for Investment Management and
Research (AIMR). His investment management performance has been
featured in The New York Times and
Pensions & Investments.
He has been interviewed for market commentary by Investorís
Business Daily, Kiplingerís Personal Finance, Mutual Funds
Magazine and Institutional Investor.