OUR TEAM

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Justin Hughes, CFA, Partner & Portfolio Manager

2019 Launched predecessor to Phase 2 Nexxt Funds
2004 - 2019 Portfolio Manager of Philadelphia Financial’s client accounts
2004 Co-Founded Philadelphia Financial of San Francisco
1994 - 2003 Research analyst covering insurance, asset management, specialty finance, brokers, asset management, exchanges and financial technology
Chartered Financial Analyst
University of California, Irvine: BA in Economics

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Rachael Clarke, Managing Partner, Chief Operating & Compliance Officer

2004 - 2020 CCO and COO of Philadelphia Financial
2004 Co-Founded Philadelphia Financial of San Francisco
Director registered in the Cayman Islands pursuant to the Directors Registration and Licensing Law 2014 and serves on the board and/or committee of investment funds
University of Nevada, Las Vegas: BS in Hotel Administration

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Andrew Del Medico, CFA, Partner & Portfolio Manager

2016 - 2020 Buy-side analyst covering universal banks, capital markets, consumer finance, and financial technology
2010 - 2016 Research analyst covering banks, retail brokers, auto lenders, and capital markets
Chartered Financial Analyst
Lehigh University: BS in Finance and Accounting

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Brian Lee, Analyst

2022 - 2026 Investment analyst for a long-only independent asset manager covering banks and insurance across North America, Asia, and Europe
2020 - 2022 Equity research associate covering Canadian financials including banks and insurers
2019 - 2020 Equity research associate/analyst covering healthcare and consumer retail, special situatio

2022 - 2026 Investment analyst for a long-only independent asset manager covering banks and insurance across North America, Asia, and Europe
2020 - 2022 Equity research associate covering Canadian financials including banks and insurers
2019 - 2020 Equity research associate/analyst covering healthcare and consumer retail, special situations and technology
Society of Actuaries Exam P/FM
University of Waterloo: Bachelor of Honours Mathematics

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Ron Liu, Senior Associate

2018 - 2020 Analyst covering wealth management capabilities for Northern California clients, public and private, including lending, investments, trust and estate planning and philanthropic advisory services
2017 - 2018 Accounting clerk at Asia Alternatives Management, a private equity firm with over $10 billion in AUM
University of California, Davis: BS in Environmental Science and Management

Jack Spence, Associate

2020 - 2022 Active member, UC Davis Finance & Investment Club
2019 - 2020 Math tutor for high school students in Advanced Algebra & Statistics
University of California, Davis: BA in Economics