Client 6

EXECUTIVE COMMITTEE

David Kang, MBA, Chairman and CEO:

Mr. Kang is Chairman and CEO and is a member of the Executive Committee, leading and driving the strategic vision of the firm globally.  He is Managing Partner of RSMD Investco LLC, the parent company of Ducenta Squared Asset Management and is the CEO and President of the RIA R Squared Inc., a sister company of Ducenta Squared Asset Management. Mr. Kang has 20+ Years experience in the financial markets, investments, and commercial real estate, having managed over $3 billion AUM.  He began his career in private wealth at Morgan Stanley Dean Witter. Prior to founding RSMD LLC, Mr. Kang ran his family business while creating and managing his family office. Mr. Kang received his BS at University of California, Irvine Pre-Med and his executive MBA also at University of California, Irvine. He is currently an Advisory Board Member at Merage School of Business i) Center for Real Estate and ii) the Center for Investment and Wealth located at the University of California, Irvine. Mr. Kang has published in Journal of Medicine and Genetics v.12, No.4.

Brian Kim, CFA, President:

Mr. Kim serves as President and is a member of the Executive Committee.  Mr. Kim is responsible managing the Firm, collaborating with senior investment professionals on investment strategy and helping drive the strategic vision. Mr. Kim is a partner at RSMD Investco LLC, the parent company of Ducenta Squared Asset Management, responsible for strategic initiatives and acquisitions and for credit and CRE investments. Mr. Kim has over 25 years of fixed income experience with expertise in derivatives, structured credit, liability management and debt restructuring. Prior to joining RSMD, he worked at Greylock Capital Management where he was responsible for investments in Greece and non-performing loans. Prior to Greylock, Mr. Kim was a senior advisor to the Minister of Finance in Greece in 2015. Previously, Mr. Kim was a Managing Director at Lehman Brothers International Europe in London where he was he helped build capital markets and derivatives group. Prior to Lehman, he held various positions in derivatives origination and liability management at HSBC,  JPMorgan and Bear Stearns. Mr. Kim received his Bachelor of Arts in History from Williams College and is a CFA® charterholder.

Jeffrey Brothers, CFA, MBA, Chief Investment Officer

Mr. Brothers serves as Co-Head of Fixed Income and is a Senior Portfolio Manager - Head of Structured Products. Mr. Brothers is also a member of the Investment Policy and Strategy Committee and the Executive Committee of the firm. Mr. Brothers joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 1994 and has 32 years of investment industry experience. Mr. Brothers develops and performs research and implements investment strategies for the mortgage-backed, asset-backed, commercial mortgage-backed, U.S. agency and treasury inflation-protected securities sectors of the market. During his tenure with Bradford & Marzec, he also managed the domestic trading desk, analyzed structured products and developed quantitative tools. Prior to joining Bradford & Marzec, Mr. Brothers worked for Wilshire Associates as a member of the institutional fixed income services group. At Wilshire, his primary responsibilities included assisting fixed income clients with a variety of portfolio and security analysis including, performance attribution, benchmark risk comparisons, scenario analysis and risk management. Mr. Brothers began his career at Merrill Lynch Capital Markets in the institutional fixed income sales department, specializing in marketing mortgage-backed, U.S. government and money market securities to institutional asset managers. Mr. Brothers earned a Bachelor of Arts degree in economics from the University of California at Los Angeles and Master of Business Administration degree with an emphasis in investments from the University of Southern California. He is a CFA® charterholder and a member of the Los Angeles Society of Financial Analysts.

EXECUTIVE COMMITTEE:  COMPLIANCE AND ADVISORY

Jason Rall, Chief Compliance Officer 

Mr. Rall joined Bradford & Marzec, now part of Ducenta Squared.  As Chief Compliance Officer Mr. Rall is responsible for all aspects of the compliance program for the firm.  With more than 25 years of investment industry experience, he brings a significant background in functional areas of data management, systems administration, investment operations and regulatory/internal compliance.  Prior to, Mr. Rall was affiliated with Farmers Insurance, Scudder Kemper Investments and Capital Group.  He holds a Bachelor of Science in Business Administration from the University of California, Riverside and the IACCP designation, having successfully completed the Investment Advisor Certified Compliance professional Program. 

Emilio T. Gonzalez PhD, Senior Advisor to Executive Committee

Dr. Gonzalez serves as Senior Advisor to DSAM's ExCo on all local, state, national and international matters as it pertains to developing diversity initiatives.  Prior to DSAM, Dr. Gonzalez served as City Manager of the City of Miami, where he led the City's 4400 employees and was responsible for its $1.7 B operating and capital budgets.  During his leadership, Miami experienced upgraded municipality credit ratings, $3 Billion in additional infrastructure investment, and settled long-standing municipal union contract issues.  Dr. Gonzalez brings consistent leadership and experience stemming from serving as Director and CEO of Miami International Airport (MIA), Undersecretary of US Citizenship and Immigration Service with the department of Homeland Security and Director for Western hemisphere Affairs at the National Security Council at the White House and is a Retired Army Intelligence Officer.  He holds a Ph.D. in International Relations from the University of Miami, a Master's degree in National Security and Strategic Studies from the United Sates Navel War College, a Master's degree from Tulane University in Latin American Studies and a Bachelor's degree in International Studies from the University of South Florida.  Dr. Gonzalez is active in his home state of Florida where he served on University of South Florida's Advisory Council and Florida's City National Bank Board of Directors.  

 
Client 4

INVESTMENT PROFESSIONALS

John Heitkemper, CFA, MBA, Senior Portfolio Manager

Mr. Heitkemper is a Senior Portfolio Manager - Head of High Yield and Leverage Loans and is a member of the Investment Policy & Strategy Committee. He leads the leveraged loan team and is responsible for the of investment strategies including the high yield and bank loan portfolios, CLOs and opportunistic core plus portfolios. Mr. Heitkemper joined Bradford & Marzec, now part of Ducenta Squared Asset Management, initially in 2004 and again in 2011. Mr. Heitkemper has more than 20 years of investment industry experience. Prior to joining Bradford & Marzec, he held investment grade and high yield fixed income research positions with Macquarie Group/Four Corners, Franklin Templeton Investments and Hotchkis & Wiley. He began his career as a research assistant in the International Finance division within the Board of Governors of the Federal Reserve System in Washington, D.C.  Mr. Heitkemper holds a Bachelor of Arts degree in economics from Pomona College and a Master of Business Administration with concentrations in finance and economics from the University of Chicago Booth School of Business where he graduated with honors and was nominated to Beta Gamma Sigma. He is a CFA® charterholder.

Mike Sanchez, MBA, Senior Portfolio Manager

Mr. Sanchez serves as Head of Securitized Products and is a Senior Portfolio Manager.  He leads the structured products team and is responsible for the investment strategies within that sector including agency MBS, non-agency RMBS, CMBS, ABS and CLO debt.  Mr. Sanchez joined Bradford & Marzec in 2013, now a part of Ducenta Squared Asset Management, as a structured products portfolio manager.  Mr. Sanchez has more than 30 years of fixed-income markets.  Prior to joining Bradford & Marzec, Mr. Sanchez held portfolio manager positions at Hotchkis & Wiley, Provident Investment Counsel, and Arco Investments.  Mr. Sanchez also held structured product trading positions at Countrywide Securities and Castleoak Securities.  Mr. Sanchez holds a Bachelor of Science degree in Applied Chemistry from Harvey Mudd College and a Master of Business Administration with a concentration in finance from the University of Chicago Booth School of Business.    

 

Christian A. Bleszinski, CFA, MBA, Senior Portfolio Manager

Mr. Bleszinski is a Senior Portfolio Manager - Head of Private Wealth.  He is responsible for managing the implementation of the firm’s investment strategy within the private wealth channel, including trading and portfolio management. He also is responsible for providing to the portfolio management team quantitative portfolio analysis, including portfolio characteristics, risk control measurement, portfolio duration and attribution analysis.  Mr. Bleszinski joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2003. During his tenure with Bradford & Marzec, he has also served as part of the structured products team, analyzing and trading asset-backed securities as well as the risk management team, developing risk tools used by the firm as a whole. Additionally, he worked closely with the information technology team in developing several tools used in trading and portfolio management. Mr. Bleszinski has more than 25 years of investment industry experience including prior affiliation with Capital Group Companies, Western Asset Management Company (WAMCO) and Los Angeles County Employees Retirement Association. At WAMCO, Mr. Bleszinski was part of the analytics group, responsible for portfolio analytics and risk management.  Mr. Bleszinski holds a Bachelor of Arts degree in economics from California State University, Fullerton and a Master of Business Administration degree from California State Polytechnic University, Pomona. He is a CFA® charterholder.

 

Jason Sharpe, CFA, Senior Portfolio Manager

Mr. Sharpe is a Head of Investment Grade and Senior Portfolio Manager, responsible for trading and managing investment grade credit and U.S. rate strategies for the firm’s institutional portfolios. Mr. Sharpe has more than 20 years of investment industry experience, which includes ten years at Western Asset Management Company (WAMCO) where he was responsible for trading investment grade cash and credit default swaps, formulating and implementing investment strategies, and portfolio analysis and structuring. Previous to WAMCO, he provided pricing and operational support to the high yield and convertible portfolio managers at Oaktree Capital Management and the Capital Group Companies. Mr. Sharpe holds a Bachelor of Science degree in finance from Biola University. He is a CFA® charterholder and member of the CFA Society Los Angeles.

Mark Kavolius CIMA

Mr. Kavolius is a Client Management Portfolio Manager and supports the firm’s relationships with clients, prospects, institutional consultants and financial advisors. Mr. Kavolius joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2010. Mr. Kavolius has more than 28 years of industry experience and previously served as Director of Sales and Marketing for Stonebridge Advisors. He also worked in senior sales and marketing positions at Mellon Financial, Dreyfus Investments and Liberty Financial. Mr. Kavolius holds a Bachelor of Science degree in business management from the University of Massachusetts. He has earned the CIMA designation from the Wharton School of Business through IMCA. He is also a member of the editorial board for the IMCA publication “Investments and Wealth Monitor.”

 

Gordon Drobny, Associate Portfolio Manager

Mr. Drobny is an Associate Portfolio Manager and responsible for trading and co-managing strategies within the private wealth management group. Mr. Drobny is also a trader on the institutional team, responsible for trading high yield corporates and bank loans.  Mr. Drobny joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2013. Mr. Drobny has more than eight years of investment experience, including prior affiliation with UBS Private Wealth Management. Mr. Drobny earned a Bachelor of Science in Business Administration with an emphasis in finance from the University of Southern California- Marshall School of Business.
 

RESEARCH

 

John Wlodek, MBA

Mr. Wlodek serves as Head of Research and is responsible for maintaining the firm’s credit research process and supervising the credit research analyst team.  He is also responsible for conducting credit analysis and investment recommendations across various corporate industries and issuers within the leveraged loan, high yield and investment grade markets.  Mr. Wlodek joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2003.  Previously, Mr. Wlodek worked as a senior vice president with Imperial Capital, where he gained significant experience in the research and trading of high yield bonds, bank loans and special situation investments, and the formulation of investment recommendations regarding distressed and bankrupt issuers. He also has experience as an M&A advisor with Barrington Associates, a banker with the Industrial Bank of Japan, and a Certified Public Accountant (CPA) with Deloitte Haskins & Sells and McGladrey, Hendrickson & Pullen. Mr. Wlodek's previous industry sector exposure as an M&A advisor, banker and CPA included aerospace, airlines, business services, consumer products, food and beverage, hospitality and leisure, paper and forest products, real estate, retailing, technology, and telecommunications. Mr. Wlodek earned a Bachelor of Science in accounting from Indiana University and a Masters of Business Administration from University of California, Los Angeles. He is also a CPA.

 

Andrew Kim, CFA

Mr. Kim is a Senior Research Analyst and is responsible for conducting credit analysis and investment recommendations across various corporate industries and issuers within the leveraged loan, high yield and investment grade markets. Mr. Kim joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2016. Previously, Mr. Kim was a high yield analyst at First Western Capital Management and a director in the credit strategies group at Levine Leichtman Capital Partners, where he invested in distressed debt, high yield bonds and leveraged loans. Mr. Kim has also worked at Macquarie/Giuliani Capital Advisors, Raymond James/Howe Barnes Hoefer & Arnett, AEGON/Transamerica Investment Management and BNY/Mellon Bank. Mr. Kim holds a Bachelor of Science degree in finance and a Master of Business Administration degree from the University of Southern California. He is a CFA® charterholder.

 

Adam Patros, CFA, MBA

Mr. Patros is a Research Analyst and is responsible for conducting credit analysis and investment recommendations across various corporate industries and issuers within the leveraged loan, high yield and investment grade markets. Mr. Patros joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2013. Mr. Patros has more than 20 years of investment industry experience. Previously, Mr. Patros was senior associate at Wilshire Associates. His responsibilities as lead fixed income analyst included conducting on-site manager due diligence meetings, running various investment analytics and making written recommendations regarding prospective managers to the investment committee. Prior to that, he worked for Western Asset Management Company (WAMCO) for more than ten years, most recently as research analyst. He was responsible for research and analysis of structured products, building and application of advanced excel models and management of specialty bond portfolios. He also worked at Pacific Investment Management Company (PIMCO) and Pacific Life Insurance. Mr. Patros holds a Bachelor of Science degree in economics from the University of Wisconsin-Madison and a Master of Business Administration in finance from the University of Southern California. He is a CFA® charterholder.

 

Hovhannes (Hovik) Ardjian

Mr. Ardjian is a Junior Research Analyst and is responsible for conducting credit analysis and investment recommendations across various corporate industries and issuers within the leveraged loan, high yield and investment grade markets. Previously, he served as an analyst intern with CREO | Montminy & Co. and Great Road Capital, Inc. Mr. Ardjian earned a Bachelor of Science in finance with an emphasis in financial analysis and a minor in economics from California State University Northridge.

 
Client 1

OPERATIONS AND CLIENT SERVICES

Ron Corpuz

Mr. Corpuz is an Operations Manager and is responsible for portfolio administration and systems as well as trade settlement. Mr. Corpuz provides operational support for the Institutional and Private Wealth business lines. In addition, he oversees the daily and month-end securities valuations as well as the firm’s compliance with the Global Investment Performance Standards (GIPS).  Prior to joining Tortoise, he served as Supervisor of Portfolio Administration at Bradford & Marzec, LLC, now part of Ducenta Squared Asset Management, where he was responsible for overseeing account reconciliation, client reporting and performance as well as administrating the portfolio accounting system. Previously, Mr. Corpuz was with mutual fund company Huntington Advisers, Inc. and Great Western Financial Securities.

 

Emily Etue

Emily Etue joined Bradford & Marzec, now part of Ducenta Squared Asset Management, in 2006 where she served as the Executive Secretary to the Managing Partners. Following Tortoise Credit Strategies’ acquisition of Bradford & Marzec in 2015, she has served as Office Manager and Administrative Support.  Her responsibilities have since expanded to also include trade management, supporting traders in their daily trade activities as well as settlements. Emily has 3 years of experience in operations support as well as 20 years' of experience in Administrative and Office Management.