Phocas Financial Corporation was founded in 2005 and is based in Alameda, California. The firm is 100% employee-owned. The partners include William Schaff, James Murray, Steve Block, Yolanda Foreman, and Kevin Granger.
Phocas manages separate accounts and mutual funds for institutional investors, investment advisors, and individual investors. Phocas’ client roster also includes several managers of managers working on behalf of large investors including significant U.S. public pension plans. Phocas currently manages three strategies: U.S. Small Cap Value equities; U.S. Equity Real Estate Investment Trusts; and U.S. Equity Income which invests in equities, fixed income instruments and preferred securities.
The investment strategies at Phocas are designed to deliver attractive long-term returns with moderate risk and low turnover.
Capacity constraint is a core value of Phocas. The team will cap assets under management in each strategy at levels designed to protect their ability to generate alpha for investors.