Phillip Schaeffer, Senior Portfolio Manager
Phillip Schaeffer is the senior portfolio manager and a managing member of Scott’s Cove Management LLC (“SCM”). Prior to forming SCM, Mr. Schaeffer was the managing director and portfolio manager of Katonah Scott’s Cove Management LLC from January 2008 until February 2011 (“Katonah”). Prior to joining Katonah, he was managing member and sole owner of Scott’s Cove Capital Management LLC, from April 1999 through December 2007 (“SCCM”). Prior to SCCM, he was a senior vice president at Robert Fleming Inc. (“Flemings”) from December 1990 through March 1999, during which time he established and directed the Flemings Special Credits Group. From 1989 to 1990, Mr. Schaeffer was co-founder and co-managing general partner of Amroc Investments, L.P., which invested in special credits. Before forming Amroc, Mr. Schaeffer co-established and co-managed for two years (from 1987 to 1989) the Bankruptcy and Corporate Reorganization Department at Cowen & Co., a New York-based investment firm. Before joining Cowen, Mr. Schaeffer was senior analyst at R.D. Smith & Co., a New York-based brokerage firm specializing in the brokerage of special credits from 1986 to 1987. From 1981 to 1986, Mr. Schaeffer was with the Taubman Companies, where he was assistant to the chairman, A. Alfred Taubman. Later, as a vice president of Taubman Investment Company, he was involved in acquisition analysis. After the acquisition of A&W Restaurants, Inc., Mr. Schaeffer became its vice president and chief financial officer. Mr. Schaeffer is a graduate of the Harvard Business School (M.B.A. 1981) and of the University of Virginia (B.S. 1977). He was senior tax consultant in the tax department of Arthur Andersen & Co., Washington, D.C., prior to attending Harvard.
Philip Acinapuro, CFA, Portfolio Manager
Philip Acinapuro is a portfolio manager and a managing member of SCM. Prior to forming SCM, Mr. Acinapuro was a co-portfolio manager of Katonah from January 2008 through February 2011. Prior to joining Katonah, he was a principal of SCCM from 2002 through 2007. From 2001 through 2002, he was a senior analyst at Troubh Partners, an investment partnership. Mr. Acinapuro was also a senior analyst at the brokerage firms of Ladenburg Thalmann from 1999 to 2001 and 1993 to 1996, Dabney Flanigan from 1998 to 1999, MJ Whitman from 1997 to 1998, Oscar Gruss & Son from 1996 to 1997, and Baird Patrick from 1986 to 1988. From 1989 through 1993, Mr. Acinapuro was a consultant involved with small business valuations, both at a firm he started and managed, and as an analyst with a specialty firm, Empire Valuation Consultants. Prior to Empire, Mr. Acinapuro was an analyst with the treasury department of The New York Times Company from 1988 to 1989 and was a senior auditor with a regional accounting firm from 1982 to 1984. Mr. Acinapuro is a graduate of New York University (M.B.A. 1986) and Boston College (B.S. 1982). Mr. Acinapuro is a CFA charterholder.
Stephen Levitan, CFA, Portfolio Manager
Stephen Levitan is a portfolio manager and a managing member of SCM. Prior to forming SCM, Mr. Levitan was a co-portfolio manager of Katonah from March 2009 through February 2011. Prior to joining Katonah, he was a portfolio manager at Hudson Bay Capital Management during 2008, a managing director of RBC Capital Markets Corporation from 2002 to 2008, and a portfolio manager for Commerzbank from 2001 to 2002, in each case managing event-driven credit and distressed securities portfolios. From 1998 to 2000, Mr. Levitan was a managing director of Paine Webber Inc. and was responsible for event-driven credit and distressed securities analysis, and he built a distressed sales/trading/research capability as a managing director of the Grantchester Securities division of Wasserstein Perella from 1996 to 1998. From 1988 to 1996, Mr. Levitan built and managed a distressed securities research department (and later managed all fixed income research and capital markets) for Oppenheimer & Co., Inc., where he was a senior vice president and later a managing director. Mr. Levitan was an investment banker at Drexel Burnham Lambert from 1981 to 1986 and at Stuart James Inc. from 1986 to 1987. Mr. Levitan is a graduate of the Harvard Business School (M.B.A. 1981) and Dartmouth College (AB 1977). Mr. Levitan is a CFA charterholder. He was a member of the Credit Audit Division of The Chase Manhattan Bank NA prior to attending Harvard.
Peter Brady, Managing Director, Marketing and Business Development
Peter Brady is the managing director, marketing and business development of SCM. Prior to joining SCM in March 2018, Mr. Brady was head of business development at BCK Capital Management, an event-driven hedge fund from October 2015 to March 2018. Prior to BCK, Mr. Brady was a director of business development at Lyxor Asset Management from October 2013 to September 2015. Prior to Lyxor, Mr. Brady was director of sales and marketing at Larch Lane Advisors from 2009 to 2013. Prior to Larch Lane, Mr. Brady was director of marketing at Prisma Capital Partners from 2006 to 2009. Prior to Prisma, Mr. Brady was vice president of marketing at FRM Research LLC from 2004 to 2006. Prior to FRM, Mr. Brady was vice president of sales at Twenty-First Securities from 2001 to 2004. Prior to Twenty-First Securities, Mr. Brady was a consultant at Modem Media in 2000 and at PricewaterhouseCoopers from 1998 to 1999. Mr. Brady is a graduate of Columbia University (JD/MBA 1998, BA 1993).
Geraldina Paloka, Director of Operations
Geraldina Paloka is the director of operations for SCM. Prior to SCM, from March 2008 to March 2017, Ms. Paloka was an operations analyst and assistant controller at Cobalt Capital. Prior to joining Cobalt, she was an operations specialist at Centerlight Capital from August 2007 to March 2008. From September 2005 to August 2007, Ms Paloka was a vice president and senior specialist at Solomon Smith Barney Prime Broker, a division of Citigroup fixed income desk. From 2001 to 2005, she was a registered representative and subsequently a team trainer at Citicorp Investment Services., a division of Citigroup. Ms. Paloka is a graduate of New York University (B.A. Sep 2006.)