Investment Team

Richard P. Damico

Chief Investment Officer

Mr. Damico, Chief Investment Officer, leads the development of Broadmark’s investment management strategies as well as the implementation of all portfolio management decisions. Mr. Damico has been a senior portfolio manager and a member of the investment team since joining the firm in 2005 and became CIO in August 2023, after previously holding the title of Co-CIO alongside Christopher J. Guptill. Prior to joining Broadmark, Mr. Damico was a Managing Director at ThinkEquity Partners, LLC where he established and was responsible for the institutional trading desk at their San Francisco headquarters. Prior to ThinkEquity Partners, from 1997 to 2002, he was a Vice President and Senior Institutional Sales Trader at Morgan Stanley’s San Francisco office covering West Coast institutional accounts. Additionally, Mr. Damico was an Associate Director and Senior Sales Trader at Bear Stearns in San Francisco from 1990 to 1997.

Ricardo L. Cortez, CIMA®

Chief Executive Officer

Mr. Cortez is Chief Executive Officer of Broadmark Asset Management and a member of the portfolio and investment teams. As CEO, Mr. Cortez oversees the firm’s business operations and serves as the firm’s Chief Risk Officer. He also oversees management of the firm’s sales and marketing efforts. Mr. Cortez joined Broadmark in September 2009 as President, Global Distribution and was named Co-CEO alongside Christopher J. Guptill in 2013. Before Broadmark, Mr. Cortez was President of the Private Client Group for Torrey Associates, LLC. Additional prior roles he held include Vice President at Goldman Sachs, serving as Product Manager of the firm’s Global Multi-Manager Strategies program, and Senior Vice President with Prudential Investments, overseeing product development and sales for the Investment Management Services Division. Mr. Cortez graduated cum laude from Queens College, City University of New York with a B.A. and is former Chairman of its Business Advisory Board. He was awarded the Queens College President’s Medal in 2020, the college’s highest administrative honor. Mr. Cortez is also an adjunct faculty member at Harvard University and has been a guest lecturer on Investment Policy and Hedge Funds at the Wharton School, University of Pennsylvania. Mr. Cortez was awarded the Certified Investment Management Analyst® designation in 1993 and is the author of numerous published articles on hedge funds.

J. Dyer Kennedy III, CFA, CAIA

Portfolio Manager

Mr. Kennedy has served as portfolio manager and a member of the investment team since joining Broadmark in 2022. Mr. Kennedy began his career at Divergence Analysis Inc, a proprietary research firm focused on developing research and models for active portfolio and risk management. Building on the firm’s methodology, he co-founded Montcrest Capital LLC in 2017, a registered investment advisor managing a systematic equity strategy he co-developed for high-net worth and family office clients. Most recently, Mr. Kennedy was vice president at eVestment, a division of Nasdaq, focusing on business development with hedge funds and other alternative managers. Mr. Kennedy holds a B.B.A. in both Finance and Risk Management from the Terry School of Business at the University of Georgia. He is a charterholder of the CFA and CAIA designations.

Francis T. Mullen

Senior Managing Director

Mr. Mullen is a senior managing director and member of the investment team at Broadmark. He has over 35 years of experience in the financial services industry holding managing director and managing partner roles, as well as other senior positions in his broad career. Prior to joining Broadmark in 2002, he established the institutional capital markets group and the bicoastal institutional equity sales trading and equity syndicate group as the managing partner and supervisory senior research analyst at the investment banking firm Putnam Lovell. Mr. Mullen holds B.S. in both anthropology and psychology from the University of Pittsburgh.