Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Roumell Asset charges fees on its funds that are in the second most-expensive quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. The Roumell Asset roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as evidenced by its average overall Morningstar Rating of 1.0 stars. A sign of strength at Roumell Asset is its longest-tenured management, which offers an average tenure of 13 years at the firm. This accumulation of experience builds confidence that the group can navigate a variety of market environments adeptly.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.