Azarias is a lean, experienced team focused on investing and investor relations.

Azarias Capital Investment Management Team
Daren C. Heitman, CFA Azarias Capital Social Media
Managing Partner & Chief Investment Officer
Daren was most recently a Partner and Portfolio Manager...

at Philadelphia-based Cooke & Bieler (2005-2014), where he led the firm’s successful launch of its Small Cap Value strategy and co-managed over $4 billion in mid/large cap equities for institutional clients. He was previously a Senior Analyst and Partner at Schneider Capital Management (2000-2005), where he conducted in-depth research and analysis, mainly on small cap value stocks.

He began his investment management career in 1994 at Skyline Asset Management, a Chicago-based investment advisory firm specializing in small cap value management, where he was engaged full-time in small cap value fundamental research. Daren earned an MBA with Honors from the University of Chicago – Graduate School of Business. He is also a graduate of Iowa State University with a B.S. in Finance.

Azarias Capital Investment Management Team
Christopher S. Caton Azarias Capital Social Media
Partner & Co-Portfolio Manager
Prior to joining Azarias in September 2014...

Chris was a senior research analyst with Federated Investors (2006-2014) and for his last five years there he served on the Prudent Bear team, which has a decades-long dedication to short bias investing.

Prudent Bear was acquired by Federated in 2008. At Prudent Bear, Chris spent 100% of his time researching individual companies in a variety of sectors to help populate the short portfolio. From 2001 through 2006, Chris was a healthcare analyst with Principal Global Investors in Des Moines, Iowa, performing in-depth analysis on the healthcare sector across all capitalizations.

He has over 30 years of investment experience and began his career as a sell-side analyst, most recently with Robert W. Baird & Co (1997-2001) and McDonald & Company Securities, Inc. (1992-1997). Chris holds a B.A. in Economics from The Ohio State University.

Azarias Capital Investment Management Team
Christopher J. Gillespie Azarias Capital Social Media
Partner & Co-Portfolio Manager
Chris joined Azarias Capital in March 2015...

Chris was previously a Senior Analyst and Partner at Schneider Capital Management (1999-2015). While at Schneider, he conducted in-depth, fundamental research on small and mid cap value companies across a broad range of sectors including industrial, machinery, autos, food & beverage, metal & mining, commodities and trucking.

Chris earned an MBA in Finance from Columbia Business School and graduated with Honors from Boston College with a B.S. in Economics.

Azarias Capital Investment Management Team
Joe Knecht Azarias Capital Social Media
Partner & Investor Relations
Joe became a partner at Azarias in July 2018...

Joe has 15 years of relationship building experience in the investment industry. He began his career at Vanguard (2003-2011) in an accelerated leadership program.

Subsequently, he worked at Turner Investments (2011-2013) and Chartwell Investments (2013-2018) where he developed relationships with institutional clients, consultants and third-party distribution platforms.

He earned his MBA at Villanova and graduated from Bloomsburg University with a B.S. in Marketing.

Azarias Capital Investment Management Team
Colleen Kelly Azarias Capital Social Media
Chief Compliance Officer
Colleen is a Director of Chenery Compliance Group...

She previously served as Chief Compliance Officer for NADART, the financial services division of NADA, a plan administrator for over $3.3 billion in retirement assets.

Ms. Kelly was Chief Compliance Officer for Cardinal Wealth Management Group which included the trust division, registered investment adviser and oversight of the broker–dealer compliance effort. She was a founding principal and Chief Operating Officer for Columbia Partners Investment Management and was involved in all aspects of starting up the compliance, financial, trade and hedge fund operations for the company.

Ms. Kelly has implemented and administered several compliance programs for both SEC and state registered investment advisers and has managed several regulatory examinations. She has over 20 years of experience in the investment management industry and is a graduate of Villanova University.

Supported by a hand-picked team of operating partners

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