Managing an MX-5 Portfolio

Matt Fassnacht literally wears two suits. During the work week, Matt is a serious suit-and-tie businessman – an analyst and portfolio manager at HHR Asset Management. On the weekends, he wears a racing suit as a Mazda competitor who manages a portfolio of MX-5 Miatas.

As a young boy, cruising around his neighborhood on a homemade kart, he knew that one day he would be racing. To him, a special connection to the car and road was apparent. Knowing this, he refined his love for cars and began developing his craft on the famous curvy and hilly back roads of Lancaster County, Pennsylvania.

After learning on his own for a majority of his life, he took the next step by attending the Skip Barber MX-5 racing school. This opened his eyes to his first real racing experience and he was forever hooked.  Shortly after the class, his passion blossomed and transformed to include several Skip Barber MAZDASPEED Challenge races, SCCA Spec Miata and Continental Tire SportsCar Challenge races – all in Mazdas. This year he is campaigning in his first full professional racing season with commitments with two different MX-5s in the Idemitsu Mazda MX-5 Cup presented by BFGoodrich® Tires as well as the Pirelli World Challenge

In the Idemitsu Mazda MX-5 Cup, he will be racing the all-new fourth generation MX-5 Cup car with ALARA Racing.

In the PWC, Matt is competing in a third-generation MX-5 in the TCA class with the S.A.C. Racing team.  Matt kicked off the season with a pair of top-ten finishes at the season opening double-header at the Circuit of the Americas.

Matt’s portfolio of MX-5 Miatas includes a pair of 1999 Spec Miatas for the track, and a brand new 2016 MX-5 for the street.

“It is no surprise to me that my job as a stock investor has similar determinants of success. When choosing your stock positions, you accept sole responsibility for the outcomes of big decisions and situations. Success is immediately measurable and the consequences are real. In racing and my work life, new challenges lie around every turn – and with those challenges comes the opportunity to push myself and get better and better at what I do.”

In his spare time he coaches soccer, spends time fishing, skiing, surfing, sailing and golfing with his wife and three kids.