Investment Team

Our leadership team provides strategic direction for investment management, and sets the tone for our client-first culture. Please click on the names below for their biographies.

J. Dale Harvey
J. Dale HarveyFounder, CEO, and Chief Investment Officer
“We look purposefully in a different direction—for great ideas that have yet to be recognized.”

Dale Harvey founded Poplar Forest Capital in 2007, after 16 years with The Capital Group Companies, where upon his resignation, he was a portfolio counselor managing approximately $20 billion in client assets at the time of his resignation for several of the American Funds mutual fund sub accounts.

During his tenure at American Funds, Mr. Harvey managed, at various times, the value components of the American Balanced Fund, American Mutual Fund, Blue Chip Growth & Income Fund, Investment Company of America, SMALLCAP World Fund, and Washington Mutual Investors Fund.

In addition to his leadership of Poplar Forest, Dale serves as portfolio manager for the Partners Strategy and co-portfolio manager for the firm’s Large Cap Value, Mid Cap Value, and Balanced Strategies. Dale earned a Master of Business Administration with honors from Harvard University in 1991, and a B.S. in Commerce with honors from the University of Virginia in 1987.

References to other mutual funds should not be interpreted as an offer of these securities.

Stephen A. Burlingame, CFA
Stephen A. Burlingame, CFAPartner, Healthcare and Industrials Analyst
“We get excited when short-term perceptions detach from long-term economic realities.”

Before joining Poplar Forest in 2011, Steve spent seven years with Trust Company of the West serving as a research analyst, managing director, and co-portfolio manager of the firm’s Concentrated Core/Select Equities investment strategies. At the end of his tenure at TCW, Steve’s product group had assets in excess of $9 billion. He also spent a year with Brandywine Asset Management working as a research analyst on their Large Cap Value product.

Steve received a B.A. in Economics cum laude from Claremont McKenna College in 1999 and has held the designation of Chartered Financial Analyst since 2011.

Derek S. Derman, CFA
Derek S. Derman, CFAPartner, Financial Services and REITs Analyst, Co-Portfolio Manager
“We strive to take emotion out of the investment decision making process.”

In addition to his analyst responsibilities, Derek is the portfolio manager for the Large Cap Quantamental Value Strategy and co-portfolio manager for the Balanced Strategy. Before joining Poplar Forest in 2011, Derek spent 16 years in the financial services industry, including six years as a managing director and co-portfolio manager at Trust Company of the West. Prior to TCW, he spent four years with Provident Investment Counsel as a senior vice president and co-portfolio manager of the Large Cap Flexible Growth and Concentrated Growth Funds. He also served as a sell-side analyst covering financial services for Wedbush Securities.

Derek earned a Master of Business Administration from Cornell University in 1995, and received a B.A. in Economics from the University of California, San Diego in 1991. He has held the designation of Chartered Financial Analyst since 1997.

Catherine M. Lloyd, CFA
Catherine M. Lloyd, CFAPartner, Information Technology, Communications and Utilities Analyst
“Uncertainty is an uncomfortable position. But certainty is an absurd one.” – Voltaire

Before joining Poplar Forest in 2007, Cathy spent over ten years in the financial services industry. Her experience includes a year as Director of Research for Schafer Cullen Capital Management, following six years with Morgan Stanley in New York in both the Equity Research and Investment Banking Departments. Ms. Lloyd has also worked in the Fixed Income Trading Department at Manufacturers Hanover Company. Cathy earned a Master of Business Administration at the University of Virginia in 1993, and a B.S. in Financial Services from Oregon State University in 1987. Ms. Lloyd has held the designation of Chartered Financial Analyst since 2002.

Nick T. Wells, CFA
Nick T. Wells, CFAPartner, Consumer and Materials Analyst
“Great insights aren’t discovered by looking at the same information in the same way as others.”
Before joining Poplar Forest in 2017, Mr. Wells spent nearly 10 years working in the financial services industry, including four years as a research associate at The Capital Group covering the retail and consumer finance sectors. He spent a year in equity research at UBS covering industrial conglomerates, and prior to pursuing his MBA, three years as a fixed income trader at Southwest Securities.
Mr. Wells received a Bachelor in Business Administration, with honors, from Texas Tech University in 2006 and a Master in Business Administration from the New York University Stern School of Business in 2012. Mr. Wells has held the designation of Chartered Financial Analyst since 2013.
Phyllis G. Thomas, CFA
Phyllis G. Thomas, CFAPartner, Portfolio Manager
“You cannot generate alpha by thinking like the herd.”

Phyllis is the portfolio manager for the Small and SMID Cap Value Strategies. Before joining Poplar Forest in 2019, Phyllis spent 29 years at NWQ, where most recently, she was Senior Managing Director, Chair of the Investment Oversight Committee and Portfolio Manager. Upon her resignation, she managed more than $1.7 billion in small-cap value and SMID-cap value equity assets. Previously in her career, Ms. Thomas held the position of Vice President and Senior Portfolio Manager with the Boston Company where she managed institutional portfolios for three years. She also spent seven years at Beneficial Standard Investment Management Company as a Senior Portfolio Manager for the company’s equity funds and outside advisory accounts.

Ms. Thomas graduated from Northern Illinois University and received her M.B.A. from University of California at Los Angeles. She earned the designation of Chartered Financial Analyst in 1979. Ms. Thomas is a past president of the Los Angeles Society of Financial Analysts, co-chairman of the FIM-West conference and past chairman of the Long Range Planning Committee. She is also a member of the CFA Institute.

Gregg S. Tenser, CFA
Gregg S. Tenser, CFAPartner, Co-Portfolio Manager
“Success comes not from having certainty, but being able to live with uncertainty.” – Jeffrey Fry

Gregg is co-portfolio manager for the Small and SMID Cap Value Strategies. Before joining Poplar Forest Capital in 2019, Gregg spent 16 years at NWQ where he served as the Portfolio Manager of the NWQ Global All Cap Strategy, in addition to covering the Healthcare sector for the firm’s portfolios. Previously in his career, Gregg spent two years at Sturdivant & Company, a value-oriented institutional money manager. Additionally, he held the position of Vice President and Senior Analyst at Federated Investors where he also served as Director of Equity Research, and he was a Senior Analyst at First Chicago Investment Management Company.

Gregg received his A.B. in Economics and Psychology from Duke University and his M.B.A. with high distinction from the University of Michigan. In addition, he earned the designation of Chartered Financial Analyst in 1999.

Client Services and Operations

Drew Taylor
Drew TaylorDirector of Marketing and Business Development

Drew Taylor is the Director of Marketing and Business Development and is responsible for managing and directing the firm’s sales, client service and marketing activities in the retail, intermediary, and institutional channels.

Before joining Poplar Forest in 2020, Mr. Taylor spent 28 years in the investment management industry specializing in distribution, product development and sales across multiple business channels. His experience includes building and leading institutional and wealth management distribution and relationship management teams at the Capital Group. For the past 8 years, Mr. Taylor held executive leadership positions at two different multi-billion dollar registered investment advisory firms.

He earned his Masters of Business Administration from the Marshall School of Business and a Bachelor of Science degree in Finance at the University of Southern California.

Christopher E. Morphy
Christopher E. MorphyPartner, Business Development

Chris Morphy is the portfolio manager for the Poplar Forest Comprehensive Investment Program accounts, and is responsible for client relationships and business development, with a primary focus on the West Coast. Before joining Poplar Forest in 2007, Mr. Morphy spent 21 years managing portfolios and relationships for high net worth individuals at Gamble, Jones, Morphy & Bent, where he was named a partner and President in 1995. At Gamble Jones, Chris was responsible for overseeing 21 employees and over $1 billion in client assets. He has worked for Kidder, Peabody & Co. and Hambrecht & Quist in their brokerage groups in San Francisco. He received a B.S. in Business Administration from the Menlo School of Business Administration in 1983.

Patricia L. Shields
Patricia L. ShieldsMarketing and Client Services Manager

Ms. Shields is responsible for client reporting, marketing media, generating RFIs, overall client services and marketing projects at Poplar Forest. Before joining Poplar in March 2015, Patty worked in private equity for eight years at Black Canyon Capital and Balmoral Funds, in administration, client services, and operations management. Patty holds a B.A. in English with an Art Minor from Birmingham-Southern College in Birmingham, Alabama. She is an active member of The Professional Association for Investment Communications Resources (PAICR).

A. Ryan Newman, IACCP®
A. Ryan Newman, IACCP®Partner, Chief Compliance Officer, Chief Operations Officer

Before joining Poplar Forest in 2008, Ryan spent nine years in the investment banking industry working for Bankers Trust. At Bankers Trust, she was part of the team that made real estate investments on behalf of a public pension fund client. In addition to her investment responsibilities, Ryan was the asset manager for that investment fund. She received a B.A. in Mathematics cum laude from Smith College in 1985, after which she worked for Prudential-Bache Securities in the Investment Banking Department for two years. She then earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1989. Ryan is a member of Phi Beta Kappa and holds the designation of Investment Adviser Certified Compliance Professional (IACCP®).

Erin Chetwood, IACCP®
Erin Chetwood, IACCP®Compliance/Operations Manager

Before joining Poplar Forest in September 2015, Erin held the position of Senior Vice President, CCO and COO for an institutional investment firm in Pasadena, CA. She has worked in the investment industry for 30 years in compliance, soft dollars, trading operations and portfolio administration. Erin regularly participates in industry compliance forums, is a member of Southern California Compliance Group, and holds the Investment Advisor Certified Compliance Professional Program (IACCP®) designation from the National Regulatory Services’ (NRS).

Marla Mone
Marla MoneAdministrative Assistant

Marla Mone is responsible for Poplar Forest’s administrative support, primarily for Dale Harvey and Ryan Newman. Before joining Poplar Forest in 2013, Marla spent over 20 years in the legal field, including eight as an assistant to the managing partner of a South Pasadena law firm. She received her Paralegal Certificate from Chapman University in 1990.

Annina Punaro
Annina PunaroAdministrative Assistant and Client Services Associate

Annina is responsible for office management and administrative support at Poplar Forest, primarily for Chris Morphy and Ryan Newman, while also providing trading and client service support. Before joining Poplar Forest in 2008, Nina worked for three years as a paralegal in general business litigation and family law at Greenberg and Glusker (now Greenberg Glusker), and for two years as litigation paralegal in the Labor Department at Paul, Hastings, Janofsky and Walker. She also served as assistant to the General Manager at the Doubletree Hotel Pasadena for six years.

Nina received a B.A. in English cum laude from the University of Southern California, and a Legal Assistant Certificate from the USC Law Center (now the USC Gould School of Law) and College of Continuing Education in 1979.

Poplar Forest

Dale Harvey, the firm’s founder, grew up in Virginia, 12 miles from a different Poplar Forest: Jefferson’s little-known, secluded estate. There, Jefferson escaped the very public demands that surrounded him at his more famous home, Monticello. Over time, the Poplar Forest estate grew to be the third president’s creative haven for reading, writing, and the pursuit of perfection in American architecture. Like Jefferson’s retreat, Poplar Forest Capital, far from the glare of the spotlight, strives to be a place where analytical rigor enables the independent thought required to invest in a portfolio of stocks largely off the beaten path.