Hourglass Capital, LLC

Hourglass Capital, LLC is a private investment advisory firm established in 1989 and based in Houston, Texas. The firm specializes in providing investment management services to separately managed accounts. The principal owners are Kenneth A. Moffet and John H. Moffet, who serve as portfolio managers and members of the management team. Hourglass offers continuous advice tailored to each client's specific investment needs, establishing goals and objectives based on individual circumstances. Most accounts are managed on a discretionary basis, allowing Hourglass to make investment decisions on behalf of clients. Clients have the option to impose restrictions on certain investments. Hourglass also provides consulting services for clients with periodic reviews of existing investments. The firm's investment strategies include long-term purchases, short-term purchases, short sales, margin transactions, option writing, and investments in special situation companies and distressed securities. Hourglass uses fundamental, technical, qualitative, and mutual fund/ETF analysis in its investment approach. For separately managed accounts, management fees are based on a percentage of assets under management, with rates starting at 1.00% per year. Hourglass may also charge performance-based fees, not exceeding 25% of the account's net performance. The firm does not have any disciplinary history and does not engage in other financial industry activities or affiliations. Hourglass has $598,456,000 in total regulatory assets under management as of December 31, 2024, with $491,454,000 managed on a discretionary basis. The firm operates with investment discretion, providing clients with the power to determine the types of financial instruments to be bought or sold. Clients' accounts are reviewed at least quarterly, and Hourglass votes proxies for separately managed accounts. The firm does not have custody of client funds but assists in processing account transactions.