The Midway Group, L.P. is one of a few fixed income managers that provide investment strategies in hedged mortgage derivatives. 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 to endeavor to generate stable monthly returns by maintaining market neutrality and tight risk controls. Midway’s competitive advantages are its strong commitments to the ongoing study of mortgage prepayments and to realistic risk management. The firm is dedicated to providing investor transparency.