General Investing >> Money Manager Interviews >> July 5, 2004

J.PAULO SILVA – PENN CAPITAL MANAGEMENT COMPANY INC

J. PAULO SILVA joined PENN Capital Management in June 2002. During his MBA program, Mr. Silva worked in the Mergers and Acquisitions department at Xcelecom (United Illuminating). Prior to graduate school, he was a Project Manager with GZA GeoEnvironmental, Inc. As Research Analyst at PENN, Mr. Silva's responsibilities include covering Healthcare, Automotive, Technology, Chemicals and Industrials. He received a BS in Civil Engineering, Summa Cum Laude, from Tufts University and an MBA from the Yale School of Management. In June 2003, Mr. Silva successfully completed Level II of the CFA program. Profile
TWST: May we begin with a brief overview of Penn Capital Management and

your responsibilities there?'

Mr. Silva: We are a small cap and high-yield manager with just under $1

billion under