ABOUT US
For over 30 years, Ocean Park has been providing investors thoughtfully managed strategies that focus on avoiding unrecoverable losses and providing satisfying risk-adjusted returns.
FIRM OVERVIEW
Ocean Park was founded in 1988 in Santa Monica, California. Since, we have been dedicated to delivering skillful asset management for our clients. Our strategies were engineered to reduce volatility while achieving satisfying returns over a market cycle. This has helped build our reputation as a trusted partner to financial advisors and investors nationwide. As of September 30, 2019, Ocean Park and its affiliates manage or advise over $4 billion of client assets.
WHO WE SERVE
Ocean Park’s commitment to helping investors remain comfortably invested spans nearly three decades. We have engineered strategies specifically for the conservative portions of your clients’ portfolios that are managed in an absolute return style. Our approach to active investment management has produced a robust track record of risk-adjusted returns and has fostered a favorable reputation as a trusted partner to advisors and investors nationwide.
You can access Ocean Park’s strategies through Separately Managed Accounts (SMAs) or Turnkey Asset Management Platforms (TAMPs).
FIRM TIMELINE
1987
Founded Sierra Investment Management, Inc.
1988
Founded Ocean Park Asset Management, Inc.
1994
$50 Million in Assets Under Management (AUM)
1995
Launched the Sierra Investment Management & Ocean Park Conservative Allocation Programs
1996
$100 Million in AUM
1999
Launched Sierra Investment Management and Ocean Park High Yield Corporate Bond Programs
2003
$250 Million in AUM
2005
$500 Million in AUM
2007
Founded Sierra Mutual Funds
Launched Sierra Tactical All Asset Fund
2010
$1 Billion in AUM & Assets Under Advisement (AUA)
2011
Launched Sierra Investment Management and Ocean Park Strategic Income Programs
Launched the Tactical Core Income Fund
$1.5 Billion in combined AUM & AUA
2012
$2 Billion in combined AUM & AUA
2014
Launched Sierra Investment Management and Ocean Park Municipal Bond Programs
2015
Launched the Ocean Park Balanced Risk Model
Launched the Ocean Park/AAMA Tactical Allocation Model
2017
$2.5 Billion in combined AUM & AUA
Launched Sierra Investment Management and Ocean Park Tactical Bond Programs
2018
$3 Billion in combined AUM & AUA
Launched the Sierra Tactical Municipal Fund
2019
Launched the Ocean Park Diversified Municipal Bond Model
Launched the Ocean Park Global Balanced Portfolio Series
$4 Billion in combined AUM & AUA
Launched the Sierra Tactical Bond Fund
INVESTMENT TEAM
Kenneth L. Sleeper, MBA, PhD
Co-Founder, Portfolio Manager
Dr. Sleeper is Co-Founder, Managing Director, and Co-Portfolio Manager at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management. He jointly oversees all aspects of the organizations’ activities, including asset management, research, and client relationships. With an extensive background in statistical and computer applications, Ken previously focused on advanced risk management, developing and refining computerized techniques for reducing downside risk, before co-founding Sierra in 1987 with David C. Wright. Ken earned MBA and PhD degrees from the University of Southern California.
David C. Wright, JD
Co-Founder, Portfolio Manager
Mr. Wright is Co-Founder, Managing Director, and Co-Portfolio Manager at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management. He jointly oversees all aspects of the organizations’ activities, including portfolio management, research, and client relationships. After 13 years with major Los Angeles law firms, Dave served several years as Director of Technical Research for Bateman Eichler, Hill Richards, Inc., then the largest investment banking firm west of Chicago, before co-founding Sierra in 1987 with Dr. Kenneth L. Sleeper. Dave earned a JD from University of Chicago and a BS, Civil Engineering, from Swarthmore College.
Terri Spath, CFA, CFP®
Chief Investment Officer, Portfolio Manager
Ms. Spath is Chief Investment Officer at Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management. She is responsible for market and economic analysis, portfolio allocation, investment strategy and building client solutions at the firm. Terri previously served as Deputy Chief Investment Officer at Mercer Global Advisors. Her extensive experience in the financial services industry includes portfolio management and analyst responsibilities at Franklin Templeton, Fidelity Investments and RSF Capital Management. Terri holds the Chartered Financial Analyst and the Certified Financial Planner™ designations. She earned an MBA from Columbia Business School and an A.B. from the University of Michigan.