Paul D. Houk, President and CEO of New Harbor Investment Management, LLC, has 20 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 Investor’s Business Daily, Kiplinger’s Personal Finance, Mutual Funds Magazine and Institutional Investor.