The Midway Group is one of a few fixed income managers that provide investment strategies in hedged mortgage securities. The firm was founded in 2000 by Bob Sherak, an industry veteran of 25 years. Midway focuses exclusively on the U.S. residential mortgage market. Midway's investment strategy is to identify and buy undervalued investment grade securities backed by prime and near prime mortgage loans and attempt to generate stable monthly returns by maintaining market neutrality and tight risk controls. Midway's competitive advantages are its strong commitment to the ongoing study of mortgage prepayments and to realistic risk management. The firm is dedicated to providing investor transparency.