Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
PHILADELPHIA, Aug. 14, 2017 -- Penn Capital Management Company, Inc. (Penn Capital) is proud to announce that Randall Braunfeld and Bradley D. Tesoriero have both been promoted from Research Analyst to Senior Research Analyst.
Mr. Braunfeld began his career with Penn Capital in 2015. He covers research of the Utilities sector for the firm’s High Yield strategies and is the primary research analyst for the firm’s Senior Floating Rate Loan offerings. Prior to joining Penn Capital, Mr. Braunfeld was a portfolio manager of a High Yield BB rated Bond Portfolio for First Niagara Bank. Previously, he worked at Lehman Brothers within its high yield loan portfolio group from 2004 - 2011. After Lehman filed for bankruptcy, he remained at the firm to focus on maximizing recovery values of the loan portfolio. Mr. Braunfeld received a BA from the University of Pennsylvania and has a MA in International Economics and Finance from Brandeis International Business School.
Mr. Tesoriero, CFA, began his career with Penn Capital in 2015. He covers research of the Industrials sector and parts of the Materials sector for the firm’s Equity, High Yield and Leveraged Loan strategies. Prior to joining Penn Capital, Mr. Tesoriero was a Research Associate at CRT Capital focusing on distressed debt, equity and high yield research for the Media and Telecommunications sectors. Previously he held positions at Bank of America Merrill Lynch and Janney Montgomery Scott. Mr. Tesoriero received a BA from Cornell University, an MBA from The University of Richmond, Robins School of Business, and a JD, Cum Laude, from the University of Richmond, TC Williams School of Law.
Penn Capital’s Founder and Chief Investment Officer, Richard A. Hocker says, “Randall and Brad have earned their promotions through their contributions to Penn Capital’s growth and sustainability. For that we are honored to recognize them.”
Penn Capital, founded in 1987, is an independent investment management firm located in Philadelphia, PA. Penn Capital maintains a fully integrated credit and equity research process and emphasizes Complete Capital Structure Analysis® when analyzing investment opportunities. Penn Capital has approximately $4.6 billion in total assets under management* (as of June 30, 2017,) and specializes in high yield fixed income and micro-to-mid capitalization equity portfolios for institutions and individuals.
* Total combined assets include model advisement, discretionary, and non-discretionary
All inquiries can be sent to Melissa Currie, Director of Marketing and Digital Solutions at [email protected] or (215) 302-1539.
