Founded in 1989 by the Institutional Equity Team from MCorp in Dallas, Hourglass Capital relocated to Houston after a management transition in 2008. The firm is principally owned by Kenneth A. Moffet and John H. Moffet, who serve as primary portfolio managers. Kenneth A. Moffet serves as Managing Principal with extensive Wall Street experience from Morgan Stanley, Goldman Sachs, and Citicorp, while John H. Moffet, CFA, functions as Principal with portfolio management responsibilities following the firm's 1996 merger with Moffet Capital Management. The leadership team is supported by Debra L. Gardner, CPA, who serves as Principal, Corporate Controller, and Chief Compliance Officer. The firm employs 6 people with 50% focused on investment activities.

Read More

Hourglass Capital's investment philosophy centers on 'A timeless search for value amid an ever-changing landscape.' The firm emphasizes that every client is unique and deserves a specialized approach to their investment goals, leveraging over 100 years of combined experience. The firm specializes in value investment strategies, managing separately managed accounts with discretionary investment management tailored to specific investment objectives. Their approach encompasses diverse strategies including long-term and short-term purchases, short sales, margin trading, option writing, and investment in distressed securities, managing a broad range of securities from exchange-listed securities to debt securities, mutual funds, options, and distressed securities.

Read More