Andrew Gary Moffs

APG US’ Fixed Income Portfolios utilizes bottom-up issue selection combined with top-down duration management and sector allocation in a disciplined, quantifiable, and reproducible manner. The firm invests in a broad spectrum of fixed income sectors that convey different risks, diversification of return and alpha sources are essential elements of the investment process.

Functions as a College/University

Waterfall Investment's focus is on special situations, quantitative relative value models and global macro strategies. They tend to invest in the stocks of Canadian and US companies in the energy minerals, non-energy minerals and finance sectors. Waterfall invests across all market-caps

Starwood Real Estate Securities shorts REITS on the fundamentals if their stock price is expensive relative to their asset value or balance sheet constraints that might cause them to cut dividends. The firm takes a bottom-up approach and focuses on a company's ability to grow its value. They consider the company's business model, its geographic exposure, its balance sheet and its management. The firm attempts to invest in companies trading for less than what Starwood believes they are worth but that also have solid growth potential. With this approach, they seek to be protected on the downside by investing in what they believe to be a discount to current value while hoping to participate in anticipated upside growth. The firm does not specifically look for buyout candidates, but the companies in which they invest are sometimes involved in mergers or buyouts. They invest in hotel, apartment and office properties in geographic areas where companies are experiencing strong internal growth. They favor the East and West Coast regions, New York, Southern California, Washington DC and parts of Florida.

Provides brokerage services

Vision employs a value-based approach in a long-short strategy and selectively utilizes active investing strategies to improve returns. The firm targets superior risk-adjusted total returns and is particularly focused on capital preservation as a core component of its strategy. The Funds have the flexibility to invest globally; however, they operate primarily in North America to benefit from unique inefficiencies inherent in the pricing of select US and Canadian publicly-traded real estate securities.

SRE Securities manages Starwood Real Estate Securities' Canadian vehicle, the Longwood Fund. The Longwood Fund is a long/short vehicle focused on publicly-traded real estate securities (REITs). The fund has approximately 50% exposure to Canadian securities, 45% to US securities and 5% to international securities. It focuses on the commercial real estate universe which includes industrial warehouses, offices, malls, shopping centers, rental apartments, healthcare properties and sub-sectors such as data centers, cell phone towers and timberland. In addition to equity REITs, mortgage REITs represent a small portion of the fund's investments. SRE Securities also looks at home builders and companies that own a lot of real estate and are valued by the market for their earnings.