About Us:

Relative Value Partners was founded in 2004 as an SEC registered investment advisor by Maury Fertig and Bob Huffman. Maury and Bob have over 50 years of combined investment experience, the majority spent with large institutional investors at Salomon Brothers.

Maury and Bob bring an institutional methodology to high net worth individuals, family offices and small institutions. The Relative Value Partners’ name stems from the institutional approach of staying fully invested in the market at all times, but selecting the asset classes and sectors that offer the best “relative value.” RVP believes that markets are mean reverting over time. As such, RVP looks for “relative value” in asset classes or sectors that are currently trading at historically low valuations. RVP can be characterized as a multi-cap manager with a “go anywhere” style. We build extremely well diversified portfolios using a disciplined investment approach. RVP’s niche is closed-end funds and exchange traded funds (ETFs) where it is constantly looking for mean reversion opportunities.

RVP’s objective is to outperform our balanced and equity benchmarks by 200-300 bps annually, net of fees. In fixed income, we strive to add 75-100 bps net over a fixed income benchmark, with a large portion of income being tax-exempt. The absolute return strategy seeks to deliver a positive total return irrespective of market conditions.

RVP is not a hedge fund; we manage separate accounts. Client assets are held in custody at Fidelity Investments. In addition to online access, clients receive monthly statements and tax documents directly from Fidelity. Our transaction costs are extremely low, typically less than 1 cent a share.