ICM’s investment team is truly a team. We believe the experience, depth and breadth of the group is second to none in the industry. While each member has a sector focus, ideas are presented to the entire team and members are expected and held accountable for their feedback and contributions.
Today, six principals own a substantial equity stake in the firm. We believe this equity interest lends stability and provides the framework for longevity. Our clients' investment results are directly dependent on the ability and long-standing experience of our investment professionals. On average, ICM’s investment team has over 20 years of industry experience and over a decade working together.
David J. Brenia
Sector coverage: Financials
Mr. Brenia joined ICM in 2014 as a member of the Small-to-Mid Cap Value equity teams. Prior to joining ICM Dave was a co-portfolio manager and research analyst at Placera Capital Management responsible for the Financial Services sector. From 2003 - 2012, he held the same role at Turner Investments for their small and mid-cap value strategies. From 1996 to 2001, Dave was a Lieutenant and Assistant Operations Officer in the United States Navy. Dave graduated from the United States Naval Academy in Annapolis, Maryland in 1996 and earned his MBA in Finance from the University of Tulsa in 2003.
Greg J. Czarnecki
Mr. Czarnecki joined ICM in 2016 as Senior Vice President and leads the Firm's institutional investor relations and business development efforts. Prior to joining ICM, Greg worked as a Director of Investor Relations for Concordia Advisors, now Mariner Investment Group, a relative value multi strategy hedge fund. Greg began his career as a Senior Associate at Acadian Asset Management, an OMAM affiliate focused on active quantitative equity strategies. Mr. Czarnecki earned his B.A. in Economics from Boston University and his MBA from the University of Toronto Rotman School of Management.
Jesse L. Fink, CFA
Sector coverage: Generalist
Mr. Fink joined ICM in 2016 as a member of the Small-to-Mid Cap Value equity teams. Prior to joining ICM, he was an analyst with the investment team of the Troubled Asset Relief Program (TARP) from 2012 - 2014. Prior to that, he worked as an investment banking analyst with FBR & Co. from 2010 - 2012. Jesse earned a B.S. in Finance from the University of Maryland in 2009 and an M.B.A. from the Darden School of Business in 2016. He holds the Chartered Financial Analyst designation.
Matthew E. Fleming, CFA
Sector coverage: Energy, Utilities, Producer Durables
Mr. Fleming joined ICM in 2008 as a member of the Small-to-Mid Cap Value equity teams. Prior to joining ICM, Matt was a Senior Research Analyst at PNC Capital Advisors/Mercantile Capital Advisors from 2004 - 2008. Prior to that, he worked at GB Asset Advisors, LLC, a Boston-based merchant bank, Triumph Group, Inc., a Pennsylvania-based aerospace company, and in Baltimore and London for BT Alex Brown/Deutsche Bank AG. Matt earned his B.A. in History from Princeton University in 1996. He holds the Chartered Financial Analyst designation.
Andrew L. Gilchrist
Sector coverage: Quantitative Analyst
Mr. Gilchrist joined ICM in 1996 as Director of Investment Technology. Prior to joining ICM, Drew served as Director of Investment Technology at Mercantile-Safe Deposit & Trust Company for 18 years. For two years before that, he was with Merrill Lynch. Drew graduated with honors in Economics from the University of Maryland and earned a masters degree from The Johns Hopkins University. He is a member of the Society of Quantitative Analysts and is a member of the Board of the SPCA.
William V. Heaphy, CFA
Sector coverage: REITs
Mr. Heaphy joined ICM in 1994 as a security analyst in the equity research department, and joined the Small Cap Value team in 1999. Today, he serves the Firm as a member of the Management Committee and the Chief Investment Officer of the ICM Small-to-Mid Cap Value equity teams. Prior to joining ICM, Bill was an associate in the Baltimore law firm of Ober, Kaler, Grimes and Shriver, and before that, a staff auditor with Price Waterhouse. Bill earned his J.D. from the University of Maryland School of Law and his B.S. from Lehigh University. He holds the Chartered Financial Analyst designation.
Donald J. Hoelting, CFA
Sector coverage: Generalist
Mr. Hoelting joined ICM in June of 2000 as a senior investment professional. He currently serves the Firm as a Principal, a member of the Management Committee, and the lead Portfolio Manager for the Large Cap Value equity team. Before joining ICM, Don was the lead portfolio manager responsible for the value product at Minneapolis-based Investment Advisers, Inc. Prior to that, he was the Chief Investment Officer of Jefferson National Bank’s Trust & Investment Group in Charlottesville, VA. Don earned his B.A. in Business from Nebraska Wesleyan University. He holds the Chartered Financial Analyst designation.
Gary J. Merwitz
Sector coverage: Consumer Discretionary, Consumer Staples
Mr. Merwitz joined ICM in 2004 as a member of the Small-to-Mid Cap Value equity teams. Today he serves the Firm as a member of the Management Committee and as the Director of Research. Prior to joining ICM, he worked at Morgan Stanley as a small cap strategist from 2001-2004 and an educational services analyst from 1999 - 2001. Gary earned his B.S. degree in accounting at the University of Maryland in 1992, and an M.B.A. from the Fuqua School of Business at Duke in 1999.
Craig A. Miller, CFA
Mr. Miller joined ICM in 2013 as the Head of Trading. Prior to joining the Firm, Craig worked as a senior position trader at Stifel Nicolaus, formerly Legg Mason Capital Markets, focused primarily on the Health Care and Technology sectors. Craig earned his B.S. in Finance from Towson University in 1997. He holds the Chartered Financial Analyst designation.
Joshua S. Overholt
Sector coverage: Technology, Materials & Processing
Mr. Overholt joined ICM in 2007 as a member of the Small-to-Mid Cap Value equity teams. Prior to joining ICM he was an equity analyst at FAF Advisors, First American Funds where he covered the technology sector for both the large/mid and small cap teams, from 2004 - 2007. Prior to that, Josh worked at Strong Capital Management as a technology analyst from 2002 - 2004 and as an Advanced Business Services Analyst for Electronic Data Systems (EDS) from 1998 - 2002. Josh earned a B.A. in Finance/Accounting from Cedarville University in 1998 and an M.B.A. from Indiana University Bloomington in 2015.
Ms. Parks joined ICM in 2011 and serves the Firm as the Chief Compliance Officer and Senior Vice President of Finance and Administration. Prior to joining the Firm, Debbie worked as an Accounting Manager at Brown Advisory. She began her career in 1989 as an accountant at Alex. Brown & Sons, followed by the position of Controller at Alex. Brown Investment Management for over nine years. Debbie earned her B.S. in Accounting from Towson University and holds the FINRA Series 6, 26 and 63 licenses.
James F. Shurtleff, CFA
Sector coverage: Health Care
Mr. Shurtleff joined ICM in 2011 as a member of the Small-to-Mid Cap Value equity teams. Prior to joining ICM he was an equity analyst at Stifel Nicolaus, formerly Legg Mason Capital Markets prior to 12/1/05, covering the health care services sector from 2004 — 2011. Prior to that, he was a senior health care consultant at Navigant Consulting, the Center for Health Policy Studies, and PricewaterhouseCoopers. James earned his B.B.A. in finance from the University of Massachusetts in 1994 and his M.H.S. in Health Finance and Management from Johns Hopkins University in 1998. He holds the Chartered Financial Analyst designation.