Ronald H. Muhlenkamp, Founder & Portfolio Manager – Investment Team
Educational Experience: Mr. Muhlenkamp received a Bachelor of Science in Mechanical Engineering from M.I.T. in 1966, and a Master in Business Administration from the Harvard Business School in 1968. He holds a Chartered Financial Analyst (CFA) designation.
Business Experience: Ron is the founder of Muhlenkamp & Company, Inc., established in 1977 to manage private accounts for individuals and institutions. In 1988, Muhlenkamp & Company launched amutual fund as an investment vehicle for all investors, large or small.
As a frequent guest of the media, and featured speaker at investment shows nationwide, Ron’s entire business career has been devoted to the professional management of investment portfolios. His work since 1968 has been focused on extensive studies of investment management philosophies, both fundamental and technical. As a result of this research, he developed a proprietary method of evaluating bothand fixed , which continues to be employed by Muhlenkamp & Company. In addition to publishing his quarterly newsletter, Muhlenkamp Memorandum, Mr. Muhlenkamp is the author of Ron’s Road to Wealth: Insights for the Curious Investor.
Most of Ron’s investment assets are managed by the Company.
Jeffrey P. Muhlenkamp Portfolio Manager – Investment Team
Educational Background: Mr. Muhlenkamp received a Bachelor of Science in Electrical Engineering from the United States Military Academy in 1988, and a Master of Arts in Organizational Leadership from Chapman University in 1999. He holds a Chartered Financial Analyst (CFA) designation.
Business Experience: Jeff joined Muhlenkamp and Company as an Investment Analyst in 2008. His responsibilities are primarily research oriented, including reviewing research reports and company financials; interviewing and visiting company management; investigating competitors and the general industry; and making portfolio recommendations. He has been working as Portfolio Co-Manager since 2013 and is the successor Portfolio Manager when Ron Muhlenkamp retires.
Jeff served in the United States Army for 20 years, retiring in 2008 at the rank of Lieutenant Colonel. Notable duty assignments included command of a Tank Company at Fort Stewart, GA, Executive Officer of a Corps Support Group in Bamberg, Germany, and Division Chief of the Computer Support Activity for the Army Operations Center at the Pentagon, Washington D.C. He is a graduate of the Air Assault, Airborne, and Ranger Schools, and the Command and General Staff College.
Jeff is one of the original investors in the Company’s self-named mutual fund; most of his assets remain invested in the fund.
John H. Kunkle Investment Analyst – Investment Team
Educational Background: Mr. Kunkle received his Bachelor of Arts in Economics from Denison University in 1985. He received a Master in Business Administration from the University of Pittsburgh in 1991 where he studied techniques of evaluating corporations and the practice of portfolio management.
Business Experience: Jack joined Muhlenkamp & Company in February 1992. Since joining the firm, he has concentrated on identifying good companies that sell at a discount to their intrinsic value. Jack began his career at Dollar Bank in Pittsburgh, PA. As a branch manager, he counseled personal and business clients on a wide spectrum of banking products and services ranging from mortgages to business loans.
Tammy S. Neff Investment Analyst – Investment Team
Educational Background: Ms. Neff received a dual Bachelor of Science in Nursing and Psychology from Carlow College in 1989. She earned a Master in Business Administration from the University of Pittsburgh in 1994. She holds a Chartered Financial Analyst (CFA) designation.
Business Experience: Tammy joined Muhlenkamp & Company in September 2003. Tammy’s responsibilities are primarily research oriented, including evaluating company financial statements, annual reports, and proxy statements; analyzing industry and company research reports; interviewing and visiting company management teams; and making investment recommendations for inclusion in the Muhlenkamp portfolios.
Tammy has 14 years of experience in the healthcare industry as a Psychiatric Nurse Clinician and Healthcare Administrator. Before joining Muhlenkamp & Company, she served as Director of Operations for the University of Pittsburgh, Department of Psychiatry Faculty Practice Plan.
Anthony W. Muhlenkamp President & Chief Compliance Officer – Client Service Team
Educational Background: Mr. Muhlenkamp received a Bachelor of Science in Industrial Management, Mathematics and Economics from Carnegie Mellon University (CMU) in 1990. He graduated from the Korean Basic Course at the Defense Language Institute in 1986 and was the Honor Graduate of the USMC Non Commissioned Officer School at MCAS Kaneohe Bay, HI in 1987. He maintains Series 6, 63, 26, and 65 registrations.
Business Experience: Tony earned the rank of Sergeant in the Marines before taking his honorable discharge in 1989 and graduating from CMU as described above.
Tony worked as a software consultant for Information Resources Inc. from 1990-1992, providing a working interface between software programmers and software end users.
Tony joined the family business in 1992. He works with clients to identify, avoid, and resolve their money problems; and has written and spoken about the lessons he has learned. Tony serves clients as a counselor, adviser, planner, and manager on a wide variety of financial and investment questions.
President of the firm since November 2013, Tony is responsible for setting the strategic course for the family business and continuing our mission of putting money to work for our clients. Tony has also served as the Chief Compliance Officer since November 2013; prior to that he was the Vice President of Client Service.
Monica Leister Marketing Specialist – Administrative & Marketing Team
Educational Background: Ms. Leister graduated from The Pennsylvania State University where she received a Bachelor of Arts with a double major in Speech Communications and Political Science. She maintains Series 6, 63, and 65 registrations.
Business Experience: Monica joined Muhlenkamp & Company in April 1994 and has spent her entire professional career with Muhlenkamp & Company. Well versed with marketing- client service-, and operations-related activities, her responsibilities are varied and numerous. Monica co-produces Company events, including investment seminars, webcasts, and industry trade shows. She assists with the editing, production, and dissemination of Company materials. Additionally, Monica builds and sustains client and shareholder relationships through one-on-one and en masse electronic communications. Her operations know-how extends from payroll and bill processing, to database management and reporting.
Michelle B. Orphall Marketing Specialist – Administrative & Marketing Team
Educational Background: Ms. Orphall received a Bachelor of Arts in Marketing from the University of Dayton in 1993. She maintains Series 6 and 63 registrations.
Business Experience: Michelle joined Muhlenkamp & Company in October 1997. Her current responsibilities include editing print and web material; implementation of the company webcasts; creation and maintenance of forms and applications; and assistance in website design and maintenance.
Michelle gained experience in the financial services industry while working at Chase Mellon Shareholder Services in Pittsburgh, Pennsylvania. She worked as a Customer Service Representative and aReinvestment Product Associate.
Adrienne G. Caracciolo Operations Manager – Administrative & Marketing Team
Educational Background: Ms. Caracciolo received a Bachelor of Science in Finance from Clarion University in 2000. She maintains Series 6 and 63 registrations.
Business Experience: Adrienne joined Muhlenkamp & Company in August 2000. Her responsibilities include managing all Company-related accounting functions (payables, receivables, and taxes), compliance-related reporting (trading oversight and error resolution), and performance reporting (managed account quarterly reports and Composite record maintenance).
Adrienne serves as a liaison between Muhlenkamp & Company and the broker/adviser community, as well as the Company’s self-named mutual fund and its custodian bank.
Adrienne gained financial services experience while working in the trust department of Mellon Financial where she specialized in account reconciliation.
Richard P. Dean Operations and Information Technology Manager – Administrative & Marketing Team
Educational Experience: Mr. Dean received a Bachelor of Arts in Accounting from Grove City College, which included a term abroad at New College, Oxford University studying Economics and International Finance. He is certified by Interactive Intelligence to support the Client Interaction Center (CIC). He maintains Series 7 and 66 registrations.
Business Experience: Rich joined Muhlenkamp & Company in September 2001 as theTrader. In 2004, he took on the role of Database Administrator, developing and maintaining databases for the client service managers, investment analysts, and operations personnel. In 2007, Rich moved from primary trader to backup trader to enable him to focus primarily on technology-related projects.
Rich’s Information Technology (IT) responsibilities include: network administration and project management; hardware and software maintenance; maintaining trading & portfolio accounting systems; VOIP/unified messaging; and internal help-desk/training for all systems.
Rich gained experience in trading as well as portfolio management systems with Laurel Capital Advisors (a unit of the former Mellon Financial), and the Pittsburgh institutional office of Merrill Lynch.
Employees have earned certifications and credentials that are required to be explained in further detail.
Chartered Financial Analyst (CFA) Designation
In order to achieve the CFA designation, candidates must have four years of investment work experience, pass three CFA exams, and abide by a strict code of ethics and standards of conduct.