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Advisor Information for SMSAX

Fund Inception03/31/2010
Name of IssuerSEI
Fund Advisor(s)SEI Investments Management Corp
Sub-Advisor(s)Global Credit Advisers, LLC
Brigade Capital Management LP
Kettle Hill Capital Management LLC
Mountaineer Partners Management LLC

Fund Managers for SMSAX

Mark Lee
Portfolio Manager since 12/17/2015
Mark Lee is the Founder and Managing Member of Mountaineer, an opportunistic value and event hedge fund founded in 2011 that invests long and short in equity and debt. Prior to founding Mountaineer, Mr. Lee worked at Contrarian Capital Management, LLC ("Contrarian") from 1999 to 2011. He joined Contrarian as a distressed debt analyst, and then in 2003 founded and was the sole Portfolio Manager for the Contrarian Long Short Fund for eight years until he departed to launch Mountaineer in January 2011. In late 2008, Mr. Lee also assumed management of the Contrarian Distressed Equity Fund, which he managed until his departure in January 2011. Both Contrarian Long Short and Contrarian Distressed Equity utilized a similar analytical framework to Mountaineer. Prior to Contrarian, Mr. Lee worked as an Associate at Blavin & Co., a concentrated, long-biased value fund, and as an Associate at Centre Partners, a Lazard-affiliated private equity firm. Mr. Lee began his career in finance in 1992 as an investment banker at Credit Suisse First Boston. Mr. Lee received an MBA from Harvard Business School and an AB, Magna Cum Laude, from Harvard College.
Radoslav Koitchev
Portfolio Manager since 01/31/2016
Mr. Koitchev has served as a Portfolio Manager for the Multi-Strategy Alternative Fund within the Investment Management Team for SIMC since April 2014. Mr. Koitchev joined SEI in June of 2009.
Andrew Kurita
Portfolio Manager since 05/03/2016
Andrew Kurita is the Founder of Kettle Hill and has served as a Portfolio Manager since Kettle Hill's inception in 2003. Prior to this role, Mr. Kurita was a Vice President at Andor Capital Management, LLC, where he covered the industrial sector for the Diversified Growth Fund . From 1996 to 2001, Mr. Kurita worked at Cramer Rosenthal McGlynn, LLC, where he was a Vice President and Analyst on hedge fund and small cap value products. Mr. Kurita is a CFA charterholder with more than 23 years of small cap and hedge fund investing experience. Mr. Kurita graduated cum laude with honors with a B.A. in Economics from Williams College in 1995.
Donald Morgan
Portfolio Manager since 01/31/2017
Mr. Morgan is the firm’s Managing Partner, Chief Investment Officer and Portfolio Manager for Liquid and Alternative Credit strategies. Additionally, Mr. Morgan is a member of the Investment, Operating, Risk and Pricing Committees. Prior to forming Brigade in 2006, Mr. Morgan was a Senior Managing Director and Co-Head of Fixed Income at MacKay Shields, LLC. At the same time, Mr. Morgan grew the firm’s high yield assets to $17 billion and raised approximately $800 million in the long/short fund. Mr. Morgan joined his predecessor firm in 1997 and co-managed its high yield funds until 2000, when he became the Lead Portfolio Manager of the High Yield Division. Mr. Morgan began his career in money management as a Research Associate, then High Yield Analyst, at Fidelity Management and Research Company. Mr. Morgan received a BS in Finance, magna cum laude, from New York University. Additionally, Mr. Morgan is a CFA charterholder.
Douglas Pardon
Portfolio Manager since 12/31/2017
Mr. Pardon is Co-Chief Investment Officer and Portfolio Manager for the Liquid and Opportunistic Credit strategies. Mr. Pardon is a member of Brigade’s Investment and Operating Committees and Chairs the firm’s ESG Committee. Mr. Pardon joined Brigade in early 2007 as a senior analyst covering the retail, gaming, and leisure sectors and was promoted to head the High Yield Research Team in 2012, then Head of Corporate Credit in 2021. Prior to joining Brigade, Mr. Pardon was a Vice President/Senior Analyst in the High Yield Group at Lehman Brothers Asset Management. His sectors of responsibility included the healthcare, gaming/lodging/leisure, retail, consumer products, food/drug/tobacco and the services industries. Mr. Pardon also served as an Analyst in the Mergers and Acquisitions Group at Merrill Lynch & Co. Mr. Pardon received a BBA in Finance with a minor in Accounting, magna cum laude, from the University of Notre Dame’s Mendoza College of Business.
Steven Hornstein
Portfolio Manager since 07/06/2020
Steven Hornstein is the Chief Investment Officer, Managing Member, and co-founder of the Manager. Mr. Hornstein is primarily responsible for portfolio management, trading, and idea generation at the Manager. From 2006 - 2008, Mr. Hornstein served as a partner at Sailfish Capital Partners, LLC (“Sailfish”) where he launched and managed the Leveraged Finance strategy. From 2004 - 2006, Mr. Hornstein was employed at Pinewood Capital Partners, LLC (“Pinewood”), a long/short credit hedge fund manager where he served as Partner/Head Trader/Portfolio Manager. From 2001 - 2004, Mr. Hornstein was a partner and Head of Credit Trading at Imperial Capital LLC (“Imperial Capital”), an investment banking firm specializing in High Yield and Distressed Debt. Before that, Mr. Hornstein was employed by Donaldson, Lufkin, and Jenrette Inc. (“DLJ”) for 18 years including seven as a Principal and Managing Director. While at DLJ, at various times he managed the Institutional Corporate Bond Trading group, and headed DLJ’s High Yield trading desk. Mr. Hornstein is a graduate of C.W. Post Center of Long Island University, where he received a BA in Political Science. He is a member of the Board of Trustees of Long Island University.