Ron Mass is managing principal of Almitas Capital. Prior to founding Almitas Capital, Mr. Mass was a senior portfolio manager and head of Structured Product Investments at Western Asset Management in Pasadena, California for 21 years. Mr. Mass chaired the Leverage Products Committee at Western Asset and was on the Broad Market Strategy Committee as well as the Risk Management Committee. Mr. Mass was responsible for management of over $100 billion of fixed income investments in Asset Backed, Commercial Mortgaged Backed and Residential Mortgage Backed Securities and responsible for management of the Public Private Investment Partnership with the US Treasury as well as closed end funds and dedicated Asset Backed and Mortgage Backed portfolios. Mr. Mass has also served as a board member of the American Securitization Forum where he was Chair of the Investor Committee. Prior to joining Western Asset, Mr. Mass was a Asset and Mortgage Backed Research Strategist at the First Boston Corporation in New York. Mr. Mass graduated from the University of California, Los Angeles with a B.A. in Economics / Business and is a Chartered Financial Analyst. Mr. Mass is a board member of private homebuilder Woodside Homes.