Our Team

Mr. Hocker founded Penn Capital in 1987 and serves as Chief Investment Officer & Chief Executive Officer, guiding overall portfolio strategy.  His investing and institutional non-investment grade corporate lending experience spans over forty years. While serving as a Partner for Delaware Investment Advisors (DIA) from 1977 to 1987, he was responsible for building the investment side of DIA’s fixed income operation.  During this period, Mr. Hocker developed and managed one of the nation’s first high yield mutual funds, the Delchester High Yield Bond Fund. He also served as the first high yield bond manager for several institutional clients including General Motors, State of Vermont Teachers Retirement Association, and Colorado Fire and Police.  Prior to DIA, Mr. Hocker trained as a corporate lender and supported key senior lenders at Provident National Bank, which is now PNC, a top 20 US Banking institution.  He later rose to serve as head of the investment division.  Mr. Hocker also founded and served as CEO of Covenant Bank, a NJ based regional bank which grew to 16 branches and $500mm in deposits before being acquired by Wachovia Corporation in 1997.

He and his wife, Marcia Hocker, are the founders of the Ethel Mae Hocker Foundation. The Ethel Mae Hocker Foundation provides educational opportunities to less fortunate, deserving Greater Philadelphia-area elementary and high school students. Mr. Hocker received both his BS in accounting and MBA in finance from the Kogod School of Business at American University.

Mr. Moran joined Penn Capital in 2016 and is responsible for oversight of the firm’s marketing and client service functions as well as the firm’s intermediary and institutional distribution channels.  He also serves as Chairman of the Product Management Committee, charged with overseeing the firm’s product development as well as serving on the firm’s Executive Committee which drives overall strategy and management of the firm.

Mr. Moran brings over 25 years of financial services experience covering asset management, brokerage, banking and insurance for both foreign and domestic firms. He has worked for Pacific Financial, the holding company of PIMCO, Pacific Life, Montgomery Asset Management, J P Morgan Investment Management and Turner Investment Partners. Mr. Moran was President of Constellation Funds Group and founding partner of BHR Fund Advisors which was acquired by Dundee Wealth of Toronto, Canada. In 2014, he began consulting for various asset management companies with a focus on institutional, foreign and alternative firms.

During his career, Mr. Moran has led six different mutual fund groups to industry leading sales and AUM growth. His expertise covers a broad array of topics including building mutual funds, structuring fund adoptions, liquid alternatives, and defined contribution channels. He was an early advocate of the RIA and sub-advisory distribution channels for institutional focused investment management firms. Mr. Moran has been a frequent industry speaker and has written about trends affecting the US mutual fund industry.

Mr. Moran is a graduate of the University of Richmond with a degree in Economics.

Mr. Green began his career at Penn Capital in July 1997. As Director of Research, Mr. Green is responsible for guiding the firm’s day-to-day investment research process. He also serves as the Portfolio Manager for Penn Capital’s Small Cap and Mid Cap equity strategies and chairs Penn Capital’s Equity Strategy Committee. He is also a member of the firm’s Executive Committee which drives overall strategy and management of the firm.

Prior to joining Penn Capital, Mr. Green gained experience with the Federal National Mortgage Association, the Royal Bank of Scotland, and the United States Securities and Exchange Commission where he served as a financial analyst in the Division of Investment Management. Mr. Green is also Vice Chairman of the Board of Directors for the Anti-Defamation League (ADL), Mid-Atlantic Region and Co-Chairman of the ADL's 2018 Walk Against Hate.

He received a BSBA, Cum Laude, from American University and received an MBA from the Yale School of Management.

Mr. Schumacher began his career with Penn Capital in 1987. He is responsible for global oversight of all Equity and High Yield trading as well as portfolio administration. Mr. Schumacher is a member of the firm’s Credit Strategy Committee and the firm’s Executive Committee which drives overall strategy and management of the firm. He received a BS in Accounting from Rutgers University.

Mr. Silva began his career with Penn Capital in 2002 as a research analyst focused on technology and industrial companies. Today, he serves as the portfolio manager for Penn Capital’s Micro Cap equity strategy. As a member of the Equity Strategy Committee, Mr. Silva works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. He is also a member of the firm’s Executive Committee which drives overall strategy and management of the firm. In addition, Mr. Silva has focused on several distressed debt situations, successfully completing a reorganization through serving on the official committee of creditors. Beyond Penn Capital, Mr. Silva serves on the Investment Committee of the Valley Forge Military Academy. He received a BS in Civil Engineering, Summa Cum Laude, from Tufts University and an MBA from the Yale School of Management.

Mr. Duffy began his career with Penn Capital in 2006. Mr. Duffy serves as the portfolio manager for Penn Capital’s Defensive High Yield, Defensive Short Duration High Yield and Double-B High Yield strategies.  He also chairs the firm’s Credit Strategy Committee. Prior to joining Penn Capital, Mr. Duffy was a Director for Deutsche Asset Management’s top-decile $5 billion global high yield debt team, and his investment experience included both leveraged loans and emerging markets debt. Previously, he worked on mergers & acquisitions at GE Capital and as a management consultant at Arthur Andersen LLP. He received a BS in Finance, Summa Cum Laude, from Villanova University and an MBA from The Wharton School of the University of Pennsylvania.

Mr. Smith began his career with Penn Capital in July 1999 and currently serves as the portfolio manager for Penn Capital’s Opportunistic High Yield Fixed Income strategy. He began his investment career in small cap equity research with Cantone Research, Inc., an independent equity research firm.  Prior to joining Penn Capital, Mr. Smith served as a high yield analyst with Merrill Lynch Asset Management.  Mr. Smith received his BBA in Finance from Pace University and an MBA from Rutgers University.

Mr. Maguire began his career with Penn Capital in January 2005.  He currently serves as a co-portfolio manager for Penn Capital’s Convertible strategy and is the portfolio manager for Penn Capital’s Small to Mid Cap Equity strategy. Prior to joining Penn Capital, he served as a senior audit associate for PricewaterhouseCoopers LLP, and conducted private equity research for AMS Inc.  During graduate school, Mr. Maguire interned with Penn Capital’s investment team.  Mr. Maguire received a BBA in Accounting from The College of William & Mary and a MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.

Mr. Jackson began his career with Penn Capital in 2008. Mr. Jackson currently serves as the portfolio manager for the Penn Capital’s Senior Floating Rate Loan strategy and co-portfolio manager for the firm’s Opportunistic High Yield strategy. Prior to joining Penn Capital, Mr. Jackson was an Associate Director with the Financial Institutions Group at Fitch Ratings in New York City, where he assisted with rating coverage of the specialty finance sector.  He also gained experience working for the Federal Reserve Bank of Philadelphia on the bank supervision and regulation team. He received a BS in Finance from Rutgers University School of Business. 

Mr. Civera began his career with Penn Capital in 2010. His primary area of sector coverage is the Technology sector. He also serves as co-portfolio manager for the firm’s Convertible strategy. Prior to joining Penn Capital, Mr. Civera was a Research Analyst for AlphaOne Capital Partners where he covered Technology and Renewable Energy. He also gained experience working for the Center for Financial Research and Analysis, a forensic accounting research firm, as well as an Analyst for Global Capital Management. He received a BSBA in Accounting from Bucknell University, an MBA from Loyola College in Maryland.