FPA's longevity and success are attributed to our dedicated and highly experienced personnel. Being independently owned allows management to properly reward FPA's staff for their strong work ethic and their ability to exceed our clients' expectations. As of December 31, 2024, our 20 investment professionals average 20 years of investment experience.
Vahan Abulyan, CFA, Senior Vice President
Vahan joined FPA in 2009. He serves as the Head of Private Partnership Client Service, overseeing relationship management and analytical support for the private funds.  Vahan’s responsibilities also include investor services, monthly reporting, and managing data collection.  Prior to joining FPA, he worked at Western Asset Management Co. and UBS Financial Services.  Vahan graduated with honors from University of Southern California with a BS in Business Administration from the Marshall School of Business. He holds Series 7 and 63 FINRA licenses. He is a CFA® Charterholder.

Vahan Abulyan, CFA, Senior Vice President

Head of Private Partnership Client Service
Gago Airiyan, Vice President

Gago joined FPA in 2011. His primary responsibilities include private fund investor services, fund reporting, and oversight/production of data analytics. Prior to joining FPA, Gago worked at Western Asset Management Co. He earned a Bachelor’s degree in Business Administration from California State University, Northridge. Gago holds the Series 6 FINRA license.

Gago Airiyan, Vice President

Client Service
Christopher Connors, Senior Vice President
Chris joined FPA in 2016.  He primarily focuses on key Business Development initiatives for FPA Funds and strategies in the advisory, broker/dealer, and direct institutional channels, and covers northeastern U.S.  Prior to joining FPA, Chris was Vice President in the U.S. Private Client Group at BlackRock.  Prior to BlackRock, he worked for several larger insurers including Principal, MetLife, and The Hartford growing their defined contribution business.  Chris earned a Bachelor’s degree in Psychology from Grove City College and holds a CIMA designation.

Christopher Connors, Senior Vice President

Business Development
Jon Cusa, Senior Vice President

Jon joined FPA in 2024 to focus on business development within the institutional channel. In these efforts, Jon works closely with institutional consultants, family offices, direct DB/DC plans, national account platforms and not-for-profit organizations.  Prior to joining FPA, Jon spent approximately 5 years working as a Relationship Manager and Product Specialist for Vontobel Asset Management and its subsidiary, TwentyFour Asset Management. Additionally, he has roughly 20 years’ experience working for various institutional consultants and bank platforms providing manager research and investment advisory services. Jon graduated from the University of Maryland, College Park with a Bachelor’s degree in Business Administration.

Jon Cusa, Senior Vice President

Business Development
Rob Elliott, Vice President

Rob joined FPA in 2018 as a Data Specialist. He specializes in analyzing complex data sets to support the company's operations and decision-making processes. Prior to his tenure at FPA, Rob served as a Senior Multi-Asset Solutions Associate within the Product Strategy group at PIMCO where he focused on multi-asset strategies and customized client portfolio analyses. Rob earned his bachelor’s degree in economics from the University of California, Irvine. He holds Series 7 and 63 FINRA registrations.

Rob Elliott, Vice President

Data Specialist
Graham Fuller, Senior Vice President

Graham joined FPA in 2024. His primary responsibilities include private wealth channel business development and client service across the Southeast, as well as helping further develop FPA’s private investment products. Prior to joining FPA, Graham served as Senior Director and Head of Private Investments for The Vanguard Group for 3 years and as Director of Alternative Investment Strategies and Chief Investment Strategist for private wealth management firm SignatureFD LLC, where he ran private investments manager selection, served on the Investment Committee, and built the firm's first private equity evergreen fund structure. Earlier in his career, Graham served as a Market Executive for PNC Capital Advisors investment management division and worked as an investment analyst at both Gerber/Taylor Management Company and also Vanderbilt University's Office of Investments. Graham earned a BA from the University of North Carolina at Chapel Hill and his MBA from Vanderbilt University's Owen Graduate School of Management, where he was a merit scholarship recipient at both institutions. 

Graham Fuller, Senior Vice President

Business Development
Mike Furlong, Senior Vice President

Mike joined FPA in August 2022. He primarily focuses on Business Development initiatives for the FPA Funds and strategies in the advisory and broker/dealer channels on the West Coast.  Prior to joining FPA, Mike was Managing Partner, Business Development at Centerstone Investors from 2016-2022 where he helped oversee the launch of the firm and its funds. Prior to Centerstone Investors, Mike was the West Coast Sales Director at First Eagle Investment Management from 2002-2016. Prior to First Eagle, Mike worked for Chase Vista Funds covering the Pacific Northwest territory and The Endeavor Group covering national accounts. Mike earned a BA degree in Sociology from the University of California, Los Angeles.

Mike Furlong, Senior Vice President

Business Development
J. Mark Hancock, Partner
Mark joined FPA in 2010. He is responsible for the management of the firm’s institutional business development and relationship management initiatives. From 2002 until 2010, Mark along with two partners, was responsible for the management and growth of Tiedemann Wealth Management. Previously he was with Richemont International, a multinational holding company controlled by the Rupert family. From 1994 until 1998 Mark worked for the Stephens family in Arkansas, as part of the team that oversaw the family’s wealth management process.  He earned a Bachelor of Business Science degree from the University of Cape Town, South Africa and an MBA from NEOS International Business School (summa cum laude), Italy.

J. Mark Hancock, Partner

Business Development
Ryan A. Leggio, Partner
Ryan joined FPA in 2011. As Head of Distribution he is responsible for client relations, business development, and investment strategy enhancement and development for the Firm. From 2008 until 2011, he was an analyst at Morningstar, where he covered preeminent absolute value and multi-asset class mutual fund managers. Prior to joining Morningstar, Ryan was an associate at the law firm of Clifford & Brown. He earned a Bachelor’s degree in Political Science from The Johns Hopkins University, and a Juris Doctor degree from the University of the Pacific. 

Ryan A. Leggio, Partner

Head of Distribution
Andrea M. Maitra, Vice President

Andrea joined FPA in 1992. She is responsible for managing Mutual Fund Administration, including operations, client service, distribution and onboarding. Andrea previously served as Manager of Mutual Fund Operations for the FPA Funds with Angeles Securities Corporation and prior to that as Mutual Fund Operations Specialist with RNC Genter Capital Management. Andrea earned a Bachelor of Science degree in Business Administration from University of the Pacific. She holds Series 6 and 63 FINRA licenses and a CMFC designation. 

Andrea M. Maitra, Vice President

Mutual Fund Operations
Arthur Martirosyan, Vice President

Arthur rejoined FPA in 2022 after originally joining the firm in 2016 and departing in 2018. His primary responsibilities include Client Service Data Analytics, Private Funds Administration, as well as Project Management. Prior to joining FPA, he worked at Capital Group, Tradewinds Global Investors, Wedbush Securities, and Merrill Lynch. Arthur earned a Bachelor’s degree in Business Administration from New Jersey City University, and an MBA from Woodbury University.

Arthur Martirosyan, Vice President

Client Service
Jonathan Rahbar, Senior Vice President

Jonathan joined FPA in 2016. He focuses on developing relationships with investment consultants, institutional investors, and national accounts for the firm, and serves as a product specialist for the FPA Funds/strategies. Prior to joining FPA, Jonathan spent three years at Jackson National as a senior analyst in the investment management group, where he was responsible for manager due diligence and product development. From 2007 to 2013, he worked as an analyst at Morningstar. Jonathan earned a Bachelor's degree in English (with honors) from DePaul University, and an MA from Northwestern University.

Jonathan Rahbar, Senior Vice President

Product Specialist
Courtney Reardon, Senior Vice President

Courtney joined FPA in 2019 to focus on business development across the national account, advisory, and institutional channels. Previously, she was a Director in Institutional Equities at BMO Capital Markets. Prior to joining BMO in 2011, Courtney was a Basic Materials & Industrials Sector Specialist at Bank of America Merrill Lynch. She began her career in equity research covering transportation at Bear Stearns and later Wolfe Research. She graduated from Columbia University with a bachelor’s degree in Economics. 

Courtney Reardon, Senior Vice President

Business Development
Cliff Shepherdson, Principal
Cliff joined FPA in 2016. He serves as Head of Advisory Solutions and focuses on business development activities with an emphasis on FPA’s alternative products. Prior to joining FPA, Cliff was Director of Marketing for Casdin Capital, a life science focused hedge fund. From 2007 to 2011, he was an investment associate at AllianceBernstein, first on the private equity team and then on a portfolio management team. He began his career in investment banking at Grail Partners and Putnam Lovell NBF.  Cliff earned a Bachelor of Science degree in both Accounting and Business Administration, and an MBA from the University of Southern California.

Cliff Shepherdson, Principal

Head of Advisory Solutions
Lance Stephens, Senior Vice President

Lance joined FPA in 2018.  He primarily focuses on Business Development initiatives for FPA Funds and strategies in the advisory and broker/dealer channels in the Midwest.  Prior to joining FPA, Lance was Vice President – Midwest Sales Director at First Eagle Investment Management from 2006 to 2017.  Prior to First Eagle, Lance worked for the MTB Funds and Calamos Asset Management helping to lead distribution efforts at both firms.  Lance earned a Bachelor’s degree in Marketing & Finance from Augustana College and holds a CFP designation.

Lance Stephens, Senior Vice President

Business Development
Kristina Surkova, Vice President
Kristina joined FPA in 2013. Her primary responsibilities include investor relations and marketing for the firm’s Absolute Fixed Income and Flexible Fixed Income strategies. Prior to joining FPA, Kristina was a Senior Manager of Client Services at Post Advisory Group, a Client Service Officer at Artio Global Investors, and a Client Relations Associate at The Capital Group Companies. She earned a Master’s degree in English and International Communication from Moscow State Linguistic University and an MBA with a concentration in finance from Washington State University.

Kristina Surkova, Vice President

Relationship Manager
Kyle Allen-Niesen, CFA, Principal
Kyle joined FPA in 2016. He serves as an Analyst for FPA, assisting Steven Romick in his primary research. Kyle earned a Bachelor’s degree in Political Science (with honors) and International Studies from Northwestern University, graduating summa cum laude and Phi Beta Kappa. He previously interned with the Crescent Fund in 2015. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Kyle Allen-Niesen, CFA, Principal

Analyst
Thomas H. Atteberry, CFA
Tom joined FPA in 1997 and serves as a Senior Advisor. He was a Partner and served as Portfolio Manager until June 2022. Prior to joining FPA, Tom served as Chief Fixed Income Strategist of Fifth Third Bank and Chief Investment Officer of Mercantile Bank in Joplin, MO. He earned a Bachelor’s degree in Business Administration from Texas Christian University. He is a CFA® Charterholder.

Thomas H. Atteberry, CFA

Senior Advisor
Scott Cendrowski, Vice President

Scott joined FPA in 2018. He serves as an Analyst for FPA. Prior to joining FPA, Scott was the China correspondent for Fortune, where he also covered finance and Wall Street topics over nearly a decade at the magazine. He earned a Bachelor’s degree in Public Administration and Public Policy from Michigan State University.

FPA Crescent Fund
Source Capital

Scott Cendrowski, Vice President

Investigative Journalist
Joseph H. Choi, Principal
Joe joined FPA in 2014. He serves as an Analyst for FPA. Prior to joining FPA, Joe was an investment analyst at Kingsland Capital Management, LLC, and an investment banking analyst at Bear, Stearns & Co. Inc. He earned a Bachelor’s degree in Commerce from the University of Virginia's McIntire School of Commerce, with concentrations in Finance and Accounting.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Joseph H. Choi, Principal

Analyst
Prakash Gopinath, Principal
Prakash joined FPA in 2015. He serves as an Analyst and Co-Director of Research for FPA. Prior to joining FPA, Prakash was a senior associate within the direct lending group at Ares Management, an investment analyst at City on a Hill Capital, an associate at Leonard Green & Partners, and an investment banking analyst at UBS Investment Bank. He earned a Bachelor’s degree (with honors) in Business Administration from the Haas School of Business at the University of California, Berkeley.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Prakash Gopinath, Principal

Analyst
Andrew J. Hemingway, CFA, Vice President
Andrew joined FPA in 2013. He serves as a Director of Operational Due Diligence for FPA. Prior to joining FPA, Andrew served as an Operational Due Diligence Analyst for Dorchester Capital Advisors. Previously, he was a Senior Associate at Coast Asset Management specializing in operational due diligence and separately managed account operations. Andrew earned a Bachelor's degree in Business Administration, Finance from The Ohio State University. He is a CFA® Charterholder.

Andrew J. Hemingway, CFA, Vice President

Director of Operational Due Diligence, FPA Multi-Advisor Strategy
Jeremy Jiannoni, Vice President
Jeremy joined FPA in 2004. He provides analytical support to Steven Romick. Jeremy’s responsibilities also include investor services, monthly reporting, accounting, and overseeing data collection. Prior to joining FPA, he worked at Charles Schwab & Co. Inc., with the Private Client group. Jeremy earned a Bachelor’s degree in Psychology and a Bachelor’s degree in Criminal Justice from Iowa Wesleyan College. He has completed Level I of the CFA examination.

Jeremy Jiannoni, Vice President

Analyst
Sean M. Korduner, CFA, Principal
Sean joined FPA in 2013. He serves as an Analyst for FPA. Prior to joining FPA, Sean was a research associate at Hotchkis & Wiley Capital Management and a summer equity research analyst at MFS Investment Management. He also has experience in private equity and accounting. Sean earned a Bachelor’s degree in Business Administration from California Polytechnic State University and an MBA from the Wharton School of the University of Pennsylvania. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Sean M. Korduner, CFA, Principal

Analyst
Paras Kumar

Paras joined FPA in 2024. He serves as an Analyst for FPA. Prior to joining FPA, Paras spent 7 years building an online learning business. He sold the business in 2022 and spent a year helping the portfolio company expand its US footprint. He earned his BS from the University of California, Berkeley. 

FPA Crescent Fund

Paras Kumar

Analyst
Mark Landecker, CFA, Partner
Mark joined FPA in 2009. He serves as a Portfolio Manager for FPA. Prior to joining FPA, Mark served as Portfolio Manager at both Kinney Asset Management and Arrow Investments, Inc., and as associate at TD Capital and PricewaterhouseCoopers. Mark earned a BBA (with honors) from the Schulich School of Business, York University, Toronto, Canada. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Mark Landecker, CFA, Partner

Portfolio Manager
Christopher B. Lozano, Vice President
Chris joined FPA in 2011. He serves as an Analyst for FPA. Prior to joining FPA, Chris was an associate in the Restructuring Group at Oppenheimer & Co. Chris earned a Bachelor’s degree in Finance from Florida State University and a JD from the University of Texas Law School.

FPA Crescent Fund
Source Capital

Christopher B. Lozano, Vice President

Analyst
Nazanin Pajoom, Vice President
Nazanin joined FPA in 2013. She serves as an analyst for FPA. Prior to joining FPA, Nazanin was a design engineer intern at Texas Instruments and a volunteer research assistant for the Connectivity Lab at University of California, Berkeley. She earned a Bachelor’s degree in Electrical Engineering and Computer Science from University of California, Berkeley and a Master's degree in Financial Engineering from University of Southern California.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Nazanin Pajoom, Vice President

Analyst
Felix Partow, Vice President
Felix joined FPA in 2023. He serves as an Analyst for FPA. Prior to joining FPA, Felix was a portfolio manager at Cohen & Company and a portfolio manager at The Midway Group. Felix graduated from the Massachusetts Institute of Technology with a degree in Mathematics.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Felix Partow, Vice President

Analyst
Amit Patel, CFA, Vice President

Amit joined FPA in 2023. He serves as an Analyst for FPA. Prior to joining FPA, Amit was an associate within the direct lending group at First Western Trust Financial, a manager within the project finance group at Candela Renewables, and a senior financial analyst within the project finance group at NextEra Energy Resources. He earned a Bachelor's degree in Economics and Mathematical Methods in Social Sciences from Northwestern University and an MBA from the University of Virginia. He is a CFA® Charterholder.

Amit Patel, CFA, Vice President

Analyst
Abhijeet Patwardhan, Partner

Abhi joined FPA in 2010. He serves as a Portfolio Manager and Co-Director of Research for FPA. Prior to joining FPA, Abhi was an investment analyst at Reservoir Capital Group and D.B. Zwirn & Co. and an investment banking analyst at UBS Warburg and Donaldson, Lufkin & Jenrette. He earned a Bachelor’s degree in Economics, summa cum laude, and an MBA from the Wharton School of the University of Pennsylvania.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Abhijeet Patwardhan, Partner

Portfolio Manager
Ben Pliskin, CFA, Vice President

Ben joined FPA in 2024.  He serves as an Analyst for FPA.  Prior to joining FPA, Ben was an Analyst at Cascade Asset Management, the investment office of Bill Gates and the Gates Foundation.  Ben originally began his career at J.P. Morgan.  Ben earned a Bachelor’s degree in Business Administration (with honors) from Seattle Pacific University where he was a member of the Varsity Men’s Soccer team.  He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Ben Pliskin, CFA, Vice President

Analyst
Steven Romick, CFA, Managing Partner
Steven joined FPA in 1996. He serves on FPA’s Management Committee and as a Portfolio Manager for FPA. Prior to joining FPA, Steven was Chairman of Crescent Management and a consulting security analyst for Kaplan, Nathan & Co. Steven earned a Bachelor’s degree in Education from Northwestern University. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Steven Romick, CFA, Managing Partner

Portfolio Manager
Brian A. Selmo, CFA, Partner
Brian joined FPA in 2008. He serves as a Portfolio Manager and Director of Research for FPA. Prior to joining FPA, Brian was founder and managing member of Eagle Lake Capital, LLC, and Portfolio Manager of its predecessor. Previously, he was an analyst at Third Avenue Management and Rothschild, Inc. Brian earned a Bachelor's degree in Economics (with honors) from The Johns Hopkins University, where he graduated Phi Beta Kappa. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Brian A. Selmo, CFA, Partner

Portfolio Manager
Byron Sun, Principal
Byron joined FPA in 2015. He serves as an Analyst for FPA. Prior to joining FPA, Byron was an investment analyst at Deccan Value Investors. Previously, he was an associate at Clarity Partners and an investment banking analyst at Morgan Stanley. Byron earned a Bachelor’s degree in Mathematics and Economics from Yale University and an MBA from the Wharton School of the University of Pennsylvania.

FPA Crescent Fund
Source Capital

Byron Sun, Principal

Analyst
Michael Tanzer, Vice President

Michael joined FPA in 2025. Prior to joining FPA, Michael was the President of CCUR Holdings, a private holding company dedicated to acquiring businesses in the United States. Prior to CCUR, Michael served as a Portfolio Manager at Callaway Capital Management, an emerging markets focused special situations asset management firm. While at Callaway, Michael was also the Chief Financial Officer of Galata Acquisition Corp (NYSE: GLTA), a Special Purpose Acquisition Company (“SPAC”) which combined with Marti Technologies in July 2023. Prior to joining Callaway, Michael was a Senior Analyst at Southpaw Asset Management, a distressed credit hedge fund. He began his career at DG Capital Management, a special situations hedge fund. He holds bachelor’s degrees in economic theory and philosophy from New York University.

FPA Crescent Fund
Source Capital

Michael Tanzer, Vice President

Analyst
Ryan Taylor, CFA, Vice President
Ryan joined FPA in 2017. He serves as an Analyst for FPA. Prior to joining FPA, Ryan was Vice President, Research Analyst & Junior Portfolio Manager for the Customized Credit Solutions Group at GSO Blackstone. Preceding this role, Ryan was an Associate Director, Research Analyst for the High Yield Investments Group at Barings (formerly Babson Capital). He earned a Bachelor’s degree in Finance from Wake Forest University. He is a CFA® Charterholder.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Ryan Taylor, CFA, Vice President

Analyst
Alex Wong, Principal
Alex joined FPA in 2016. He serves as an Analyst for FPA. Prior to joining FPA, Alex was an Investment Analyst at Marcato in San Francisco. Previously, he was an Analyst in the Generalist Group at Goldman Sachs. Alex earned a HBA (Honors Business Administration) degree from the University of Western Ontario, Richard Ivey School of Business.

FPA Crescent Fund
Source Capital

Alex Wong, Principal

Analyst
Eric R. Brown, Principal
Eric joined FPA in 2016. He serves as Chief Legal Officer for FPA, and he addresses a variety of issues related to fund formation, private/registered fund and separate account management, transactional and other contract negotiations, U.S. and foreign regulatory and compliance issues, and general corporate matters. Previously, Eric was an Associate in the Investment Funds practice group at Jackson Walker L.L.P. Prior to Jackson Walker, he worked in the legal department at Oaktree Capital Management L.P., and he served as lead counsel to the private equity fund-of-funds business at Wilshire Associates Incorporated. Eric earned a Bachelor’s degree in Political Science from Trinity College and a Juris Doctor from Brooklyn Law School. He is licensed to practice law in New York, Texas (Inactive) and California (Registered In-House Counsel).

Eric R. Brown, Principal

Chief Legal Officer
Karen Gorny, Senior Vice President

Karen joined FPA in 2018. She serves as the Chief Compliance Officer (“CCO”) for FPA and was CCO of the FPA Mutual Funds from January 2019 through July 2023. Previously, Karen was the Deputy Chief Compliance Officer at First Republic Investment Management, LLC. Prior to First Republic, she worked as a Vice President and Senior Compliance Officer at Pacific Investment Management Company (PIMCO) and also served as the Head of Compliance for Latin America. Prior to joining PIMCO, Karen was a Compliance Officer at Macquarie Group Limited and Transamerica Investment Management. Karen earned her Bachelor’s degree in Aerospace Engineering and Mechanical Engineering from the University of Michigan, Ann Arbor, graduating Cum Laude and an MBA from the University of California, Los Angeles. 

Karen Gorny, Senior Vice President

Chief Compliance Officer
Rachel Greer, Senior Vice President

Rachel joined FPA initially in 2024 and serves as Senior Vice President and Senior Counsel for FPA. Prior to joining FPA, she was Deputy General Counsel at Stone Harbor Investment Partners, LP, an institutional fixed income investment manager headquartered in New York, NY. In 2022, Rachel joined Virtus Investment Partners, Inc. as legal counsel as a result of its acquisition of Stone Harbor. Prior to her time at Stone Harbor and Virtus, Rachel was an Associate at Sadis & Goldberg LLP in the Financial Services group. Rachel earned a Bachelor’s degree from the University of California, Los Angeles and received a Juris Doctor degree from Brooklyn Law School. 

Rachel Greer, Senior Vice President

Senior Counsel
Shari Harrison, Vice President

Shari joined FPA in 2022 and serves as Vice President in the Compliance Department. Prior to joining FPA, she was Vice President – Regulatory Reporting at iCapital. Prior to her time at iCapital, she has held trade and guideline compliance roles at firms including Oaktree Capital Management, Nuveen and Oppenheimer Funds. Shari earned a Bachelor of Science degree in Business Administration from Cal State LA.

Shari Harrison, Vice President

Senior Compliance Officer
Brittany Rockefeller, Vice President

Brittany joined FPA in 2019 and serves as Vice President in the Compliance Department. Prior to joining FPA, she was an Assistant Vice President at The Blackstone Group. Prior to her time at Blackstone, she was a Forensic Consultant at PricewaterhouseCoopers. Brittany earned a Bachelor of Science degree in Accounting from Lehigh University and is both a Certified Public Accountant and Certified Fraud Examiner.

Brittany Rockefeller, Vice President

Senior Compliance Officer
J. Richard Atwood, Senior Advisor

Richard originally joined FPA in 1988 and serves as a Senior Advisor to FPA and Trustee of the FPA Funds. Formerly he served as Managing Partner on FPA’s Management Committee and as President of the FPA Funds through July of 2023. Prior to FPA, he served as Vice President and Chief Financial Officer of Transamerica Investment Services, Inc. and Senior Accountant with Ernst & Whinney. Richard earned a Bachelor’s degree in Business Administration – Accounting from California State University, Long Beach.

J. Richard Atwood, Senior Advisor

Doug Bracken, Managing Director
Doug joined FPA in 2015. He serves as Chief Technology Officer. Prior to joining FPA, he started Investor Desk Solutions, a consulting / software company. Prior to that, Doug was the Head of Technology at STW for five years. Before STW, he held the position of Chief Technology Officer at Four Corners Capital Management in Los Angeles, where he worked for six years. Prior to that, Doug was the Director of Information Technology at Merrill Lynch Investment Managers and Vice President of Systems Development/Support at Invesco NY Asset Management. He earned a Bachelor of Science degree in Computer Science with a Math Minor from Hofstra University, New York in 1987 and obtained his MBA in Finance from Stern Business School, New York in 1991.

Doug Bracken, Managing Director

Chief Technology Officer
David Brookman, Managing Partner

David joined FPA in 2016. He serves on FPA’s Management Committee and as Chief Operating Officer. Prior to joining FPA, he was a Senior Vice President at Oaktree Capital Management, L.P. Previously, David was a First Vice President in the Strategic Initiatives and Operational Risk Management Group at Countrywide Bank and Senior Project Manager at The J. Paul Getty Trust. David earned a Bachelor’s degree in Business Economics from Brown University.

David Brookman, Managing Partner

Chief Operating Officer
Elizabeth Conant, Vice President

Elizabeth joined FPA in 2021 and serves as Vice President in the Information Technology department, where she acts as the Senior Business Analyst and Principal Technical Writer. Prior to joining FPA, Elizabeth founded and spent seven years operating LiteraTech, a company servicing technical communication needs. Prior to that, she worked at STW Fixed Income Management for eight years as a Senior Software Analyst and before that as a Software Engineer at Raytheon. Elizabeth earned her Bachelor of Science degree in Computer Engineering from University of California, Santa Barbara, and she received her Master of Arts degree in English from Northern Arizona University.

Elizabeth Conant, Vice President

Sr. Business Analyst & Principal Technical Writer
Amy Kwong, Vice President

Amy joined FPA in 1999. She serves as Data Services Manager. She previously worked in FPA’s Investment Operations and Portfolio Accounting teams. Prior to joining FPA, Amy was an Operations Manager for Securities Market Middle Office at Bank of America. Amy earned a Bachelor of Arts degree in Business Studies from City University of Hong Kong.

Amy Kwong, Vice President

Data Services Manager
Aymiee Lee, Vice President

Aymiee joined FPA in 2017.  She serves as a Senior Software Developer and AI Engineer. Prior to joining FPA, Aymiee co-founded Investor Desk Solutions, a consulting and software company, and held software development positions at Strategic Healthcare Programs, STW Fixed Income Management, Tecolote Research, and Paramount Farms. Her industry experience spans healthcare, manufacturing, government, and finance sectors. Aymiee received her Bachelor of Science in Physiology from California State University, Fresno and a Master's in Information Technology from American Intercontinental University.

Aymiee Lee, Vice President

Sr. Software Developer & AI Engineer
Marie McAvenia, Vice President
Marie joined FPA in 1983. Among other matters, she is responsible for guideline compliance, non-US ownership filings and proxy governance. She was previously part of the Investment Operations team and managed all FPA data functions. Prior to joining FPA, Marie worked as an International Service Representative at Bank of the West. Previously, she worked as a Commercial Paper Controller at State Street Bank and Trust Company.

Marie McAvenia, Vice President

Operations Manager
E. Lake Setzler III, Principal
Lake joined FPA in 2005. He serves as Chief Financial Officer and is responsible for senior accounting, financial reporting and administrative tasks relating to FPA, mutual funds, private funds, and institutional advisory accounts under management. Before joining FPA, Lake served as Chief Operating Officer and Chief Compliance Officer of Inflective Asset Management, LLC.  He was previously Vice President and Controller of Transamerica Investment Management, LLC, Vice President and Chief Accounting Officer of Alta Residential Mortgage, Inc., Vice President and Controller of Southern Pacific Bank, and Audit Manager at KPMG Peat Marwick LLP. Lake earned a Bachelor’s degree in Accounting from the University of Denver.

E. Lake Setzler III, Principal

Chief Financial Officer
Sangela Simon, Vice President

Sangela joined FPA in 2022 after working several years for FPA in a contractual role. She serves as a specialist in Data Management and Technology Support. Previously, she helped maintain the financial accounting and ERP system for FADEL, a digital rights and royalty management software provider. Before FADEL, she was the Senior Quality Assurance Analyst at STW Fixed Income Management for eleven years. Prior to that, she spent eight years at ICE, formerly CMS BondEdge, managing quality assurance operations for their suite of portfolio analytics products and data services. Sangela received her Bachelor of Arts in Economics from the University of Chicago.

Sangela Simon, Vice President

Data Management & Technology Support Specialist
Dane Suenaga, Senior Vice President

Dane joined FPA in 2019. He serves as Senior Vice President and head of the Change Management Department. He is responsible for facilitating the change management function, and in partnership with the executive team, and investment and operational leadership, develop, drive and execute key organizational process and change initiatives across the firm. Prior to joining FPA, he was Vice President and Head of the Finance Project Office (PMO) at Oaktree Capital Management, L.P. Previously, Dane was a Manager at Internet Corporation for Assigned Names and Numbers (ICANN) and a Senior Associate at KPMG.   Dane earned a Bachelor of Art degree in Business Administration with a minor in Education from the University of California, Berkeley.

Dane Suenaga, Senior Vice President

Head of Change Management
David Brookman, Managing Partner

David joined FPA in 2016. He serves on FPA’s Management Committee and as Chief Operating Officer. Prior to joining FPA, he was a Senior Vice President at Oaktree Capital Management, L.P. Previously, David was a First Vice President in the Strategic Initiatives and Operational Risk Management Group at Countrywide Bank and Senior Project Manager at The J. Paul Getty Trust. David earned a Bachelor’s degree in Business Economics from Brown University.

David Brookman, Managing Partner

Chief Operating Officer
J. Mark Hancock, Partner
Mark joined FPA in 2010. He is responsible for the management of the firm’s institutional business development and relationship management initiatives. From 2002 until 2010, Mark along with two partners, was responsible for the management and growth of Tiedemann Wealth Management. Previously he was with Richemont International, a multinational holding company controlled by the Rupert family. From 1994 until 1998 Mark worked for the Stephens family in Arkansas, as part of the team that oversaw the family’s wealth management process.  He earned a Bachelor of Business Science degree from the University of Cape Town, South Africa and an MBA from NEOS International Business School (summa cum laude), Italy.

J. Mark Hancock, Partner

Business Development
Mark Landecker, CFA, Partner
Mark joined FPA in 2009. He serves as a Portfolio Manager for FPA. Prior to joining FPA, Mark served as Portfolio Manager at both Kinney Asset Management and Arrow Investments, Inc., and as associate at TD Capital and PricewaterhouseCoopers. Mark earned a BBA (with honors) from the Schulich School of Business, York University, Toronto, Canada. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Mark Landecker, CFA, Partner

Portfolio Manager
Ryan A. Leggio, Partner
Ryan joined FPA in 2011. As Head of Distribution he is responsible for client relations, business development, and investment strategy enhancement and development for the Firm. From 2008 until 2011, he was an analyst at Morningstar, where he covered preeminent absolute value and multi-asset class mutual fund managers. Prior to joining Morningstar, Ryan was an associate at the law firm of Clifford & Brown. He earned a Bachelor’s degree in Political Science from The Johns Hopkins University, and a Juris Doctor degree from the University of the Pacific. 

Ryan A. Leggio, Partner

Head of Distribution
Abhijeet Patwardhan, Partner

Abhi joined FPA in 2010. He serves as a Portfolio Manager and Co-Director of Research for FPA. Prior to joining FPA, Abhi was an investment analyst at Reservoir Capital Group and D.B. Zwirn & Co. and an investment banking analyst at UBS Warburg and Donaldson, Lufkin & Jenrette. He earned a Bachelor’s degree in Economics, summa cum laude, and an MBA from the Wharton School of the University of Pennsylvania.

FPA New Income Fund
FPA Flexible Fixed Income Fund
Source Capital

Abhijeet Patwardhan, Partner

Portfolio Manager
Robert L. Rodriguez, CFA, Partner Emeritus
Bob joined FPA in 1983. Bob served as Portfolio Manager for FPA Capital, Inc. and FPA New Income, Inc. from 1984 until 2010, and was named Partner Emeritus after his retirement in 2016. Prior to joining FPA, he served as Senior Portfolio Manager, Chairman’s Department of Kaufman & Broad, Inc., and Portfolio Manager at Transamerica Investment Services, Inc.  Bob earned a Bachelor’s degree in Business Administration (Magna Cum Laude) and an MBA from the University of Southern California. He is a CFA Charterholder.

Robert L. Rodriguez, CFA, Partner Emeritus

Steven Romick, CFA, Managing Partner
Steven joined FPA in 1996. He serves on FPA’s Management Committee and as a Portfolio Manager for FPA. Prior to joining FPA, Steven was Chairman of Crescent Management and a consulting security analyst for Kaplan, Nathan & Co. Steven earned a Bachelor’s degree in Education from Northwestern University. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Steven Romick, CFA, Managing Partner

Portfolio Manager
Brian A. Selmo, CFA, Partner
Brian joined FPA in 2008. He serves as a Portfolio Manager and Director of Research for FPA. Prior to joining FPA, Brian was founder and managing member of Eagle Lake Capital, LLC, and Portfolio Manager of its predecessor. Previously, he was an analyst at Third Avenue Management and Rothschild, Inc. Brian earned a Bachelor's degree in Economics (with honors) from The Johns Hopkins University, where he graduated Phi Beta Kappa. He is a CFA® Charterholder.

FPA Crescent Fund
Source Capital

Brian A. Selmo, CFA, Partner

Portfolio Manager
Vincent Huynh, Vice President

Vincent joined FPA in 2015. He works on the trading desk and is responsible for trade order generation for equities, fixed income and derivatives. Vincent monitors security allocations and cash balances, trades commercial paper, treasuries and handles all aspects of model creation for the SMA business. Prior to joining FPA, Vincent worked at First Foundation as a trader and analyst on the investment team. In that role, he provided research and recommendations for investments and contributed to shaping the firm’s investment strategy and trading desk. Previously, he was an associate at Acquisition Group and Ameriprise Financial. Vincent earned his bachelor’s degree in Business Administration-Finance from California State University, Long Beach. He has successfully completed Level I and II of the CFA examination.

Vincent Huynh, Vice President

Senior Trading Desk Analyst
Felix Moy, Vice President

Felix joined FPA in 2019. He serves as a Trader for FPA. Prior to joining FPA, Felix was a Vice President at Loomis, Sayles & Co where he traded agency MBS and non-agency RMBS sectors. Preceding this role, Felix  was a Managing Director at Mesirow Financial. Felix began his career as a structured products analyst at Bear, Stearns & Co, later becoming an Associate Director within the Mortgage and Structured Products sales and trading department. He earned a Bachelor’s degree in Commerce from the University of Virginia's McIntire School of Commerce, with concentrations in Finance and Accounting.

FPA New Income Fund

FPA Flexible Fixed Income Fund
Source Capital

Felix Moy, Vice President

Trader
Ed Nebens, Senior Vice President
Ed joined FPA in 2017. He trades both equity and fixed income securities and oversees the trading department. Prior to joining FPA, Ed managed trading for Gratia Capital, a multi strategy fund. Preceding this role, Ed was Head of Trading at Three Bridges Capital in New York, a long-short fund, from 2011 to 2014. He started there following a position as Executive Director of Global Equities at UBS. Prior to UBS, Ed was Head Trader for Cantillon Capital Management from 2003 to 2010, managing their trading desks in both New York and London. Ed holds an MBA degree in Finance from New York University Stern School of Business and a Bachelor’s degree in Economics from the University of Maryland.

Ed Nebens, Senior Vice President

Head Trader
Adam B. Pivko, Vice President
Adam joined FPA in 2012. He trades both equity and fixed income securities.  Prior to joining FPA, Adam was Vice President at Imperial Capital, LLC where he provided research and execution services for institutional funds in securities across the capital structure.  Previously, he was an institutional Equity Sales Trader with JP Morgan Chase.  Adam earned a Bachelor’s degree in Economics from the University of California, San Diego, with a double-minor in History and Regional Specialization, Europe.

Adam B. Pivko, Vice President

Trader