DDJ Capital Management, LLC is a registered investment advisor specializing in high yield securities and special situation investing.  Our mission is to produce consistently superior investment returns while minimizing downside risk.  We operate in inefficient markets, and we have the financial and legal expertise, commitment to rigorous due diligence and active investment management style necessary for investment success.

David J. Breazzano and Judy K. Mencher (the "Principals") co-founded DDJ Capital Management in 1996 following careers together at Fidelity Investments. The Principals have over 40 years of collective experience, successfully investing in public and private securities of financially troubled companies, high yield bonds and special situations and have spent nearly all of their professional careers sourcing, executing, analyzing, managing and exiting investments.

David J. Breazzano,  President, Chief Investment Officer  Mr. Breazzano is a co-founder of DDJ and has over 27 years of investing experience.  Prior to forming DDJ, from 1990 to 1996, he was a Vice President and Portfolio Manager in the High Income Group at Fidelity Investments, where he had investment management responsibility for over $4 billion in high yield and special situation assets.  Specifically, he was a portfolio manager of the Fidelity Capital & Income Fund, which was one of the largest high yield funds in existence at that time. Prior to joining Fidelity in 1990, Mr. Breazzano was a Vice President and Portfolio Manager at T. Rowe Price Associates.  Before joining T. Rowe Price in 1985, he was a High Yield Analyst and Vice President at First Investors Asset Management, which had over $1 billion in high yield assets under management.  Mr. Breazzano began his professional career at New York Life as an Investment Analyst.  He presently serves on the boards of Bush Industries, Inc., and Key Energy Services, Inc. Mr. Breazzano is co-author of the chapter entitled "Trading in the Distressed Market" in Investing In Bankruptcies and Turnarounds.  Mr. Breazzano received his MBA from the Johnson School at Cornell University where he currently sits on the Advisory Board, and graduated cum laude with a BA from Union College, where he currently sits on the Board of Trustees.

David L. Goolgasian Jr., Principal, Portfolio Manager, Hedge Funds Mr. Goolgasian joined DDJ in 1996 at the inception of the firm and has been integrally involved in the investment decision-making process for all of DDJ's funds and accounts. Mr. Goolgasian is currently a Portfolio Manager responsible for managing DDJ's Hedge Fund Strategy, the Credit Opportunities Strategy, and for managing and sourcing investments in the restaurant sector across all of DDJ's products.  As a Portfolio Manager, he is responsible for all day-to-day portfolio management for such funds.  He has more than 15 years of research, trading and portfolio management experience in equity, high yield, and distressed securities markets and previously served as Research Analyst and Head Trader at DDJ. Prior to DDJ, Mr. Goolgasian was at Fidelity Investments, where he worked with the co-founders of DDJ from 1993 to 1996 in the High Income Group as Assistant High Yield Trader. From 1992 to 1993, he worked in Fidelity’s accounting and custodial area. Mr. Goolgasian earned his MBA from Boston University and his BS from Bentley College.  He currently serves as a member of the Board of Directors of Rita Restaurant Corp.

Anthony M. Ranaldi, High Yield Mr. Ranaldi joined DDJ in 2002 and has 10 years of experience investing in the high yield, distressed and equity markets. Mr. Ranaldi is responsible for Co-Managing the High Yield Strategy as well as managing and sourcing investments in the telecom, media and retail sectors across all of DDJ’s products. Mr. Ranaldi has led numerous public and private financings, corporate restructurings and M&A transactions across a wide range of companies within the communications, publishing, retail, consumer products and textile sectors. Prior to joining DDJ, from 2000 to 2002 he was an Associate at Spectrum Equity Investors, a private equity firm specializing in telecom and media and from 1997-2000 a Research Analyst in the High Yield Group at Morgan Stanley Dean Witter. Mr. Ranaldi earned his BA from Princeton University.