Roge, who helps manage the Roge Partners Fund (ROGEX), researches mutual funds, limited partnerships and companies based on several characteristics, such as improving profitability, competent management and consumers' loyalty to brand-name products.
Bohemia, N.Y.-based R.W. Roge & Co. has about $200 million in assets under management. The Roge Partners Fund, which invests in value and growth stocks and alternative assets, is small, with about $12.5 million in assets. The fund has risen 8.4% this year, beating 72% of world-stock funds followed by Morningstar. By comparison, the benchmark S&P 500 is up 6.1%.
"The overwhelming theme of the fund is that we look for great allocators of capital, whether it be a mutual fund manager generating returns or a CEO of a company that does a great job of adding value," Roge says.The values of the companies Roge targets can be rich compared to the broader stock market. But their intangible assets are worth the price, he says. In doing so, Roge avoids companies with razor-thin margins. "The great thing about the strategy is that it doesn't depend on macro themes," Roge says. "With great brand recognition,
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