Founded in 2012 by Ronald “Ron” Mass, Almitas Capital manages investment portfolios utilizing primarily closed-end funds, mortgage REITs, and value equity strategies. The fund employs fundamental and statistical analysis to identify debt and equity securities trading at discounts to intrinsic value with catalysts that can help bridge that gap. Prior to founding Almitas, Mr. Mass was a senior portfolio manager at Western Asset Management for over 20 years. At Western Asset Management, Mr. Mass headed the asset-backed securities (ABS) and mortgage-backed securities (MBS) portfolio management teams. He graduated from the University of California, Los Angeles, with a bachelor’s degree in economics and business. Before joining Western Asset Management, he was a research associate at Credit Suisse First Boston, which he joined right after college. He is also a CFA Charterholder and a member of the CFA Institute.