Punch & Associates Investment Management, Inc.

Punch & Associates provides Investment Management and Wealth Advisory services. It manages discretionary portfolios for private and institutional clients and operates two private funds focused on micro/nano-cap equities. Core strategies include Income, Large Cap, Small Cap, All Cap, and Small/Mid Cap Equity. The Wealth Advisory service involves tailored financial planning starting with a discovery meeting, followed by plan development, implementation, and ongoing review.

Howard Punch

Howard Punch is the Founder and Chief Investment Officer of Punch & Associates, where he leads all research and investment initiatives. He began his career in the early 1980s at Merrill Lynch, spending nearly 19 years there before founding Punch & Associates in 2002.

Known for his risk-aware, research-driven approach, Howard is a dedicated student of behavioral finance and market inefficiencies. He graduated magna cum laude from Carleton College and lives in Eagan, Minnesota.

John Carraux

John Carraux is a Managing Partner and Portfolio Manager at Punch & Associates, where he plays a key role in the firm’s research and investment strategies. He joined the firm in 2002 as a research analyst and was named Managing Partner in 2013.

He holds the CFA® and CIC® designations and graduated magna cum laude from the University of St. Thomas.

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