Broadmark Asset Management Hires President of Global Distribution

“Broadmark is very fortunate to land a professional of Rick’s caliber,” said Chris Guptill, CEO and CIO of Broadmark. “He brings his unique expertise in alternative and absolute return investing to a marketplace starved for exceptional alternative investment management. He will be instrumental in product development and strategic placement and distribution. We couldn’t be more pleased.”

Mr. Cortez has more than 25 years of investment experience in the investment management industry. Most recently, he spent 8 years as President of the Private Client Group for Torrey Associates, LLC, based in New York City. Prior to that, he was Vice President at Goldman Sachs and Product Manager for the Goldman’s external money manager program, Global Multi-Manager Strategies. Before joining Goldman, Mr. Cortez spent 11 years at Prudential Investments as a Senior Vice President overseeing product development, communications, and sales for the Investment Management Services Division. Mr. Cortez graduated BA cum laude from Queens College of the City University of New York and has been a guest lecturer on Investment Policy and Hedge Funds at the Wharton School, University of Pennsylvania, and at Harvard University. He was awarded the Certified Investment Management Analyst (CIMA) designation in 1993 and is the author of numerous published articles on hedge funds.

“We are pleased to welcome such an accomplished investment professional to our team,” said Daniel J. Barnett, Chairman of Broadmark. “Chris Guptill and I have known Rick for over a decade, and during that time, we hoped we would find a way to work together. I’m delighted he has joined our firm, and I feel strongly that his extensive experience has prepared him well for such a crucially important role to Broadmark’s growth,” he added.

Broadmark, an investment advisor focused on providing strategies that outperform the equity markets, recently partnered with Forward Management (Forward), based in San Francisco, to offer separately managed accounts based on the Broadmark Long Short Strategy. Additionally, Forward, which also took an ownership position in Broadmark as part of the agreement, recently launched the new Forward Tactical Growth Fund (FFTGX), a mutual fund that is sub-advised by the investment team at Broadmark.

About Broadmark Asset Management, LLC

Broadmark was founded in 1999, and has been a registered investment adviser since 2000. With offices in New York and San Francisco, Broadmark manages traditional equity long/short, ETF, dedicated short and futures strategies. The investment management process is research-driven, and employs a qualitative top-down approach combined with quantitative risk management. The company seeks to capitalize on the investment flows created by long-only institutional investors, and is unique in both the inefficiency it seeks to exploit and the investment methodology it employs. Their belief that portfolio risk and return can be enhanced with a strategy that is not required to be long only and fully invested while addressing stock market risk is core to the Broadmark investment philosophy.

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Victoria Odinotska, 703-534-3735