Paul Abel

Senior Portfolio Manager

Paul joined the Firm in 1999 and currently serves as Portfolio Manager to The Medical Fund and various other private funds. Paul’s primary duties include research and analysis of developing scientific technologies and innovations in the medical and bio-pharmaceutical industries. Prior to joining Horizon Kinetics Asset Management, Paul was employed by Brookhaven National Laboratories, from 1989 through 1999, where he researched, developed and implemented technical and scientific programs and systems in the areas of nuclear physics, computer programming and industrial design. During that time, Paul also provided freelance writing services for the Academic Science and News Review, reporting and offering insight on a myriad of issues and developments in the fields of science and technology. Paul received a BS in Physics from SUNY Stony Brook and holds a Master’s Degree in Mechanical/Nuclear Engineering from Manhattan College.

Rich Begun

Senior Portfolio Manager

Rich joined the Firm in 2012 and currently serves as a Senior Portfolio Manager in the Private Client Group managing custom client accounts. Previously, he was a Senior Portfolio Manager and Senior Vice President at Olstein Capital and a Principal and Global Portfolio Manager at Clay Finlay. Rich also held positions as a Director and Portfolio Manager at Orbitex, and as a Vice President and Portfolio Manager at the Bank of New York. In addition to his portfolio management background, he has also served as a senior research analyst, covering financials, energy, industrials and consumer services. Rich holds a BS in Economics from Binghamton University, an MA in Economics from Brooklyn College and an MBA from Baruch College, Zicklin School of Business.

Thérèse Byars

Research Analyst

Thérèse joined the Firm in 2006 and is responsible for supporting the Firm’s research team, primarily working with the CEO and President. She also serves as Corporate Secretary of FRMO Corp., a publicly traded company.  Prior to joining the Firm, she was a professional violinist and private teacher in New York City. Thérèse attended the Hartt School of Music and received a BS (magna cum laude) in Economics from Columbia University.

Ryan Casey, CFA®

Research Analyst

Ryan joined the Firm in 2011 and is responsible for authoring certain of the Firm’s proprietary research reports. He has been involved in writing various research reports since 2008, when he was a senior analyst with Institutional Research Group. Ryan is an experienced equity research analyst, and was previously a senior analyst with Bear Stearns. He received a BS in Electrical Engineering from the University of Michigan, an MBA from New York University and is a CFA® charter holder.

James Davolos

Portfolio Manager, Research Analyst

James joined the Firm in 2005 and currently serves as Co-Portfolio Manager for The Internet Fund as well as several private funds and institutional separate accounts. He began his investment career with the Firm in 2005, as a member of the trading desk and transitioned to the investment team in December 2006. James began his tenure on the investment team as a junior analyst covering investment and research opportunities for various strategies managed by the Firm. James received a BBA in Finance from Loyola University in Maryland where he was a member of the Sellinger Scholars business honors program, and an MBA from New York University.

Andrea DeMichele

Client Portfolio Manager

Andrea joined the Firm in 2006, is responsible for supporting the Firm’s senior Portfolio Managers on various investment strategies, and is involved in marketing activities for institutional and retail accounts. Previously, Andrea worked closely with the Firm for over 10 years while serving as a Director of Research and Senior Analyst at Institutional Research Services, Inc. She received a BBA from the University of Miami.

Matthew Houk

Portfolio Manager, Research Analyst

Matt joined the Firm in 2008 and has responsibilities in both Research and Portfolio Management. Matt is involved in the identification, analysis and monitoring of certain investment opportunities for the Firm. He is also a Co-Portfolio Manager for several registered investment companies including the Kinetics Small Cap Opportunities Fund, the Kinetics Multi-Disciplinary Income Fund, and the Kinetics Alternative Income Fund, as well as the Virtus Horizon Wealth Masters Fund, a product of Virtus Investment Advisers, Inc. that is sub-advised by Horizon Kinetics Asset Management LLC. Matt is also the Co-Chairman and Co-Chief Executive Officer of Winland Holdings Corporation, where he serves as a member of the Audit Committee, Investment Committee, Compensation Committee, and Nominating/Governance Committee. Matt is also a Director of Emergent Capital, Inc. Previously, Matt was with Goldman, Sachs & Co. He received a BA in Economics and Political Science from Yale University.

Utako Kojima, CFA®

Portfolio Analyst

Utako joined the Firm in 2010 as a Portfolio Analyst, primarily focusing on the Firm’s Asia Strategy.  Prior to this, Utako was an equity analyst at AS Hirota Capital Management, LLC. Her experience includes consulting in the Valuation Division at Shin-Nihon Ernst & Young Transaction Advisory Services, Tokyo, Japan. Previously, she served in the International Products Client Services and Sales Operations group at Deutsche Securities Limited, Tokyo, Japan, managing post transaction processes and client services.  Utako received a BA in Political Science from Keio University, Tokyo, Japan, and is a CFA® charter holder.

John Meditz

Senior Portfolio Manager, Co-Founder

John is a co-founder of the Firm and manages customized portfolios for a number of Horizon Kinetics’ private clients. Previously, John was a Senior Portfolio Manager at Bankers Trust Company in the Private Banking Division and a Senior Member of the Trusts & Estates Investment Committee. John is also a Board Member/Trustee for several not-for-profit organizations. He received a BA from Fairfield University and an MBA from the Rutgers University Graduate School of Management.

Andrew Parker

Managing Director

Andy joined the Firm in 2019 and is responsible for product development, cultivating private client relationships, and assisting in the implementation of the Firm’s investment views. He has worked as an investment professional for over 30 years. Prior to joining the Firm, among other roles, Andy served as Chief Portfolio Strategist at Lazard Wealth Management, Director of Quantitative Strategies at Bessemer Trust Company and as Portfolio Manager/Director–Securitized Products for Credit Suisse Asset Management. Earlier in his career Andy worked for Morgan Stanley, Drexel Burnham Lambert and Salomon Brothers. He currently serves as a Member of the Board of Trustees of his alma mater, Gettysburg College. He is also a Chartered Alternative Investment Analyst (CAIA) and holds the Series 7 and 65 securities licenses.

Eric Sites

Portfolio Manager, Research Analyst

Eric joined the Firm in 2004 and is responsible for conducting and authoring research for the Firm. In particular, Eric co-authors the Stahl Report, which identifies opportunities in the large capitalization arena. He is also a Portfolio Manager for several private funds, and serves on the investment team for certain of the registered investment companies managed by the Firm. He received a BA from Southern Illinois University in 2000 and an MA from Columbia University, Teachers College in 2002.

Alan Swimmer

Managing Director

Alan joined the Firm in 2018 and is responsible for conducting research for the Firm with a focus on exchange related investment opportunities. Previously, he was a Managing Director at Environmental Financial Products, a Derivatives Exchange Incubator, and immediately prior to that , he was President of Prescient Ridge Management, a Commodity Trading Advisor. Alan has spent over 28 years in various senior roles in institutional futures and options businesses including as Head of North American Sales at JP Morgan, Head Of Futures at Bear Stearns, and Manager of the Chicago Institutional Futures Business for Citibank. He has held Board of Directors positions at RMG Networks and with The Minneapolis Grain Exchange. He is currently the Executive Vice Chair of the Alumni Board of Governors, and a Trustee of, Washington University in St. Louis, where he received a B.A. in Psychology.

Fredrik Tjernstrom, CFA®

Portfolio Manager, Research Analyst

Fredrik joined the Firm in 1998 and has responsibilities in both portfolio management and research. He is a Co-Portfolio Manager for several private funds and institutional separate accounts, and authors research reports produced by the Firm. Previously, he was the Director of Research for Brokerage Research Services, an independent research provider which he co-founded. Fredrik has a BSc in Electrical Engineering from Växjö University, Sweden, an MBA with a concentration in Finance and an MSc in Information Systems from Hawaii Pacific University. He also attended Harvard University for parts of his graduate work. Fredrik is a CFA® charter holder.

Steven Tuen, CFA®

Portfolio Manager, Research Analyst

Steven joined the Firm in 1996 and has responsibilities in both portfolio management and research. He is a Co-Portfolio Manager for the Global Fund and is responsible for conducting and authoring research. Steven’s research responsibilities include coverage of equity and fixed income securities, with particular emphasis on high yield securities. Previously, Steven spent seven years with Bankers Trust Company as a Portfolio Manager in the Private Client Group, serving high net worth individual and trust accounts. He received a Bachelor’s of Business Administration from Baruch College – City University of New York. Steven is a CFA® charter holder and a member of the CFA Institute as well as the New York Society of Security Analysts.

Aya Hirota Weissman, CFA®

Senior Portfolio Manager, Director of Asia Strategy

Aya joined the firm in 2010, as a Co-Portfolio Manager for the Asia Strategy. With over 30 years of investment experience, Aya was previously a founder and Chief Investment Officer of AS Hirota Capital Management, LLC. Prior to that, her experiences included acting as a portfolio manager specializing in Japanese securities for Kingdon Capital Management, LLC, a New York–based hedge fund; two years as a partner and Portfolio Manager of Feirstein Hirota Japan Partners, a Japanese long/short hedge fund; and 12 years at Salomon Smith Barney Asset Management, as a Managing Director and Senior Portfolio manager in the US value equity group where she was a founding member of the large cap value equity group, with responsibility for approximately $2 billion in assets. She also worked as a securities analyst covering global technology and consumer sectors at Equitable Capital Management. Aya is a director of Toshiba Corporation. Aya received an MBA from the International Institute for Management Development (IMD) in Lausanne, Switzerland and a BA in Liberal Arts from International Christian University in Tokyo, Japan. She also studied at Chung Chi College at the Chinese University of Hong Kong, as a Japanese Ministry of Education Scholar. Aya is a CFA® charterholder. She is a member of the U.S.-Japan Council and serves on its investment committee. She also serves on Japan ICU Foundation’s investment committee.