Justin James Hughes

Philadelphia Financial Management of San Francisco LLC (Philadelphia Financial) is a SEC-registered investment advisor and hedge fund manager headquartered in San Francisco, California. The firm was founded by Jordan Hymowitz and Justin Hughes in 2004 and they are a subsidiary of Philadelphia Financial Management of San Francisco LP. Philadelphia Financial provides discretionary investment advisory services to four private investment funds.

Belzberg Technologies, Inc. provides trading technology and technology-based brokerage services. The company specializes in supporting trading professionals at dealers, hedge funds and money managers. The firm's clients use its tools and services for order management, market connectivity, execution and clearing services in equities and options for all major markets across North America. The company was founded by Sidney Belzberg and Alicia Belzberg in January 1993 and is headquartered in Toronto, Canada

Frontline Technologies, Inc. provides managed information technology outsourcing services to professional, financial, and investment banking sectors. It operates through the following business segments: Trading Technologies and Outsources Network Services. The Trading Technologies segment offers trading software to buy and sell equities and stock options on a variety of exchanges and electronic markets. The Outsources Network Services segment includes infrastructure management, technical support, managed email and file hosting, disaster recovery planning, and network security. The company was founded by Hoss Astaraki on November 30, 1993 and is headquartered in Toronto, Canada.

Phase 2 Partners LLC (Phase 2) is an independent, SEC-registered investment advisor and hedge fund manager headquartered in San Francisco, California. The firm was founded by Justin Hughes and Andrew Del Medico in 2020. Phase 2 provides investment advisory services on a discretionary basis to one or more pooled investment vehicles structured as private funds.