David Olson – President

Mr. Olson is the developer and programmer of PFA's software systems. He co-founded FYSYL Capital in May 2005. He is also a Managing Director of Breakwater Investment Group, LLC in Newport Beach, CA. Prior to joining FYSYL Capital and Breakwater Investment Group, he was Director of Systems and Operations for Denali Advisors, LLC, a money management firm in San Diego, CA. He researched and developed software for Denali Advisors' factor based quantitative equity forecasting model. Mr. Olson was formerly the Director of Systems Development at Haugen Custom Financial Systems, where he developed models and software for forecasting equity returns, asset allocation, and risk control. He has an MBA in Finance and a B.S. in Information and Computer Science from the University of California at Irvine. Mr. Olson has 17 years of industry experience.

Jonathan Cheng, CFA, CFP – Chief Financial Officer

Mr. Cheng is PFA's Chief Financial Officer.  He is also the President and CIO for FYSYL Capital and a Managing Director of Breakwater Investment Group, LLC.  Mr. Cheng was previously a Portfolio Manager, head of Quantitative Investment Strategies, and a Research Analyst at Harbor Capital Management Company in Boston, MA.  He established the quantitative product at Harbor Capital and, working with the marketing team, grew that product to $435 million in three years.  He has an MBA from Northeastern University in Boston, MA, BS Engineering from Harvey Mudd College in Claremont, CA, is a CFA Charterholder, and is a Certified Financial Planner licensee.  Mr. Cheng has 11 years of industry experience.
 

Kurt Nicholas Kinney – Advisory Director

Dr. Kinney is serving as a Managing Director for Esprit Communications, Inc. as well as an adviser to FYSYL Capital and Pension Fund Analytics.  Dr. Kinney previously worked with Ryan ALM, EQYTY Research and Management Inc., Harbor Capital Management Company, Swiss Bank Corp., Bank of America, Ameritrust, and NationsBank in various sales and management positions. He has been published numerous times on quantitative investment techniques, most recently in Journal of Pension Plan Investing, January 1998.  A former USAF Captain, Dr. Kinney holds a PhD in Finance from Northfield University, MBA and a BS from West Virginia University and has 25 years of industry experience.

R. Gary Call – Advisory Director

Mr. Call is President and Managing Director for Esprit Communications, Inc. as well as an adviser to FYSYL Capital and Pension Fund Analytics. He is also currently Managing Director of CAP Initiatives, LLC. Mr. Call previously worked with Riggs Investment Management Co., Harbor Capital Management Co., and Chalmers Exploration.  Mr. Call was appointed as Guardian of the Treasury of the State of New Mexico in 1993, and has previously served in an advisory capacity with TEXPERS.  Mr. Call attended the University of New Mexico and has 19 years of industry experience.