Vision Team

Frank Mayer is a co-founder and has been managing and advising the Vision Opportunity Funds since 2008. Previously, Mr. Mayer was a top-ranked Canadian real estate research analyst for 35 years, and recognized as such by leading independent surveys including Brendan Wood, Starmine and Greenwich. He has experience with both global and Canadian investment dealers including UBS and HSBC Securities.

Most recently, Mr. Mayer was Vice Chairman and a Senior Real Estate Analyst at Desjardins Securities Inc. His senior executive management experience has included roles as Head of Research, member of the Office of the President, Chairman and Vice Chairman. His track record includes identifying investment opportunities and themes at an early stage, often prior to other analysts and investors. Mr. Mayer graduated from Concordia University with a Bachelor of Commerce, and from the University of Toronto with a MA in Economics.

Andrew Moffs has been a portfolio manager with Vision since 2015. Mr. Moffs brings to Vision a unique depth of portfolio management experience in the global real estate securities sector, focused on public real estate securities in both the United States and Canada for over 20 years. Andrew joined Vision from SRE Securities Canada Inc., the Canadian subsidiary of Starwood Real Estate Securities, where he served as President and Portfolio Manager.

During his tenure at SRE with whom Andrew initially worked in Greenwich Connecticut, Andrew established the Canadian office for Starwood in Toronto and served as the Portfolio Manager for its long/short real estate hedge fund strategies. Earlier in his career, Andrew was a Portfolio Analyst in the real estate group of APG Investments US (formerly ABP Investments US) in New York, the asset manager for the Dutch civil service pension fund which manages more than $350 billion of capital including more than $15 billion in real estate securities.  Andrew began his career as an Analyst in the Global Real Estate & Lodging Group of Salomon Smith Barney in New York. Andrew received his B.A. in Economics from McGill University where he graduated with Great Distinction, and holds the Chartered Investment Manager (CIM) designation.

Vinh Truong joined the Vision team in early 2011 and has been Vision's Chief Operating Officer and Chief Compliance Officer since 2013. Vinh oversees the ongoing business operations, compliance, financial reporting, tax, treasury, office facility and administration at Vision. Vinh has a breadth of experience, including a focus on real estate private equity investments, structuring and underwriting corporate credit, mergers and acquisitions, underwriting and placing equity and debt capital, and financial and tax structuring and reporting.

Prior to joining Vision, Vinh was Senior Vice President and CFO of Hexagon Capital Partners, a real estate advisory firm. Previously, he was Vice President at Fortress Investment Group LLC, a highly diversified global investment management firm.

Vinh received his Honours Bachelor of Commerce degree (with Distinction) from McMaster University and is a CPA, CA (Ontario) and is a CFA Charterholder.

Darren Kosack joined the Vision team in 2015. Prior to Vision, Darren was a Senior Vice President of Distribution at  Macquarie Global Investments based in Toronto. Darren brings over 20 years of senior level experience in Retail and Institutional Sales and service to Vision. Darren was a Senior Vice President of Sales at some of Canada’s leading investment management firms, including Macquarie, SEAMARK Asset Management, Excel Funds, Skylon Advisors (CI Investments) and First Asset Funds. Previously, Darren was a capital markets professional having worked at BMO Nesbitt Burns as a Fixed Income Trader and then as a Currency Trader where he was Manager and Director for Canadian Dollar trading. During this time Darren was based in Singapore and London U.K. Darren graduated from Baylor University in Waco, Texas  with a B.B.A in Economics and has completed the Canadian Securities Course and the Exempt Market Dealer Course.

Mark Murphy joined the Vision team in 2023. Mark has over 20 years of experience in financial services, including most recently in his role since 2007 as Managing Director and senior member of the Marketing and Business Development team at Contrarian Capital Management, LLC, a Greenwich Connecticut-based opportunistic credit and special situation investment manager. Mark has extensive experience in business development and marketing for alternative investment funds, equity and fixed-income capital markets, sales and trading, and production and sales management. Prior to Contrarian, Mark worked at Goldman Sachs & Co. as a senior member of the Institutional Equity Sales and Capital Introductions teams. Earlier roles on Wall Street include Assistant Trader on the Mortgage-Backed Securities (MBS) desk of CS First Boston and Institutional Equity Sales at Tucker Anthony. Mark began his career as a Management Consultant for Accenture (formerly Arthur Andersen & Co). Mark graduated from the University of Connecticut with a Bachelor of Science in Finance. He is a Chartered Alternative Investment Analyst (CAIA) Charterholder.

Ben Rozyn relocated to Toronto and joined Vision in 2018, bringing more than 10 years of solid experience in New York where he focused on research and trading in real estate debt and securitized products.

His most recent role was at Credit Suisse when he joined in 2015 as a Vice President Sector Strategist covering Commercial Mortgage Backed Securities (CMBS) in the Fixed Income Trading department. Ben was responsible for developing investment strategies and analyzing commercial real estate properties, debt and transactions.

Prior to Credit Suisse between 2013 and 2015, Ben was a Vice President at Bank of America Merrill Lynch and part of the #1 ranked team for CMBS research in the Institutional Investor All-America Fixed Income Poll. Ben began his career within the Securitized Products debt group of Bank of America in 2008.

Ben graduated from Cornell University with a Master of Engineering in Financial Engineering and a Bachelor of Science in Operations Research and Engineering.

Vivek Jain joined the Vision team in 2021 bringing considerable financial, accounting and operational experience. Most recently, Vivek was an integral member of the Operations team at Sprucegrove Investment Management, an investment advisor to institutional clients in the specialized area of global equities with approximately $30 billion of assets under management. At Sprucegrove, Vivek spearheaded organizational objectives in various areas including Fund Accounting, Unitholder Recordkeeping, Capital Transactions (in-kind and cash) and Client Onboarding while serving as a primary operational contact for clients.

Previously, Vivek was a Team Lead at SGGG Fund Services Inc., a leading provider of accounting, technology and investor services to Canada's alternative and mutual funds industry. At SGGG, Vivek gained valuable experience in fund valuations, financial reporting, fund audits and unitholder recordkeeping while supporting a number of large and prominent offshore and onshore funds. Vivek actively participated in testing and recommending features as a super-user of their proprietary Fund Accounting and Unitholder Recordkeeping software, Diamond; the only information system to combine both aspects of Fund Administration. Vivek is a Chartered Professional Accountant (CPA) with CPA Ontario. He is also a CFA Level 3 candidate and holds a Master of Accounting (M. Acc.) degree along with a Bachelor of Accounting and Financial Management degree, both received from the University of Waterloo.

Sherry Xie joined the Vision team in 2019 after 5 years of experience with State Street Canada and CIBC Mellon. She was responsible for various operational functions and supported a number of large and prominent offshore and onshore funds. In these roles Sherry gained valuable experience working on fund audits, on-boarding and due diligence, key operational projects as well as tax and regulatory filings and requirements. She also actively collaborated with multiple parties internally and externally to understand and meet business requirements and ensure proper controls and procedures are in place to deliver quality services. Sherry is a graduate from the University of Western Ontario.

Cameron Salmers, CFA is a Vice President and Senior Analyst with Vision Capital Corporation. Cameron joined the Vision team in 2014. At Vision, Cameron focuses his time on fundamental research, technical research, and the management of internal models. Cameron also serves as a Director on the Board of Directors of the Oshawa Community Credit Union.

Cameron graduated with high distinction (Top 10%) from the Rotman School of Management, University of Toronto where he specialized in finance and is a member of the Dean’s List. Cameron is a CFA Charterholder and was awarded a CFA Institute Scholarship. Prior to Vision, Cameron worked as a Research Associate at the Rotman School of Management and Schulich School of Business. The research conducted in partnership with tenured Professors focused on the financing of social ventures, the growth strategies of entrepreneurial organizations, and the use of social media by entrepreneurial organizations. The research appeared in academic journals including the Journal of Business Venturing.

Stephen Neumann joined the Vision team in 2016. Stephen holds an HBA from the Richard Ivey School of Business, University of Western Ontario, graduating with distinction and Dean’s list ‘17. Stephen also achieved recognition for 1st place performance in the Investing Competition at the Ben Graham Centre for Value Investing: Ivey Chapter. At Vision Capital, Stephen dedicates his time to bottom-up research and technical analysis, and the management of investment models. Prior to Vision Capital, Stephen served as a financial analyst in the Smart Home Automation industry, and as a real estate consultant for developments in South-Western Ontario. Currently Stephen is pursuing his CFA level II.

Bassel Hammad joined Vision in 2022 and brings over 8 years of real estate investment experience. Prior to joining Vision, Bassel worked in real estate private equity where he focused on due diligence, preparing financial models, underwriting investments, and structuring JV partnerships. His experience includes the acquisition of industrial, multifamily, and office real estate investments valued at over USD 560 million across the US and Europe.

Bassel holds an MBA from the Rotman School of Management, and is a CFA Charterholder.

Brett Farquharson joined the Vision team in 2019. Brett is responsible for driving the sales strategy and supporting the distribution networks for Vision’s varied investor base. Brett brings 4 years of experience at CI Investments, garnering experience in a range of capacities including portfolio construction analytics, operations and sales. Brett holds an Honours Bachelor of Management & Organizational Studies from the University of Western Ontario, and has recently joined the CFA program.

Claire Hsieh joined Vision in 2021 and brings over 4 years of investment operations experience. Prior to joining Vision, Claire was a Manager of the Investment Operations team at Black Creek Investment Management, where she provided oversight on the trade operation process, fund accounting, proxy voting, cashflow and unitholder management. She has also worked on various operational and reporting projects. She has proven to be an effective liaison between different counterparties and is able to leverage her resources productively. Claire has always been passionate in process improvement, streamlining operational deficiencies, and establishing policies and procedures to mitigate operational risk. Claire holds an Honours Bachelor of Commerce degree at McMaster University, specializes in Finance and Economics.

Blerina Krasnica joined the Vision team in 2021 after 10 years of operations experience in the financial industry. Prior to joining Vision she worked at State Street Corporation Canada, one of the world’s largest fund administrators as well as Assante Capital Management. Blerina has extensive experience in the valuation of fund portfolios in a continuous operations environment. She also brings to Vision extensive experience and responsibility for maintaining client relationships with clients across North America, Europe, South Asia as well as onboarding new fund investments. Blerina is a graduate from George Brown College.

Kudzayi Tamayi transitioned from the world of hospitality to join the Vision team in 2023 as an Executive Assistant to the President and C.E.O., Jeffrey Olin. She worked at Oliver and Bonacini Hospitality for 8 years in various key roles including Executive Assistant to the co-founders and Project Coordinator where she gained valuable expertise in administration and project management of opening new restaurants and renovation of operating locations. She has managed to transfer her skills set effortlessly to cater to Vision’s needs and requirements.

Kudzayi holds a Diploma in Hotel Management & Associate’s Degree in Business Administration from Les Roches, Switzerland; Bachelor of Arts Degree in Hotel & Restaurant Management with a double major in Real Estate & Asset Management, from Kendall College - Chicago, IL, USA and Culinary Management Diploma from George Brown College. She is also a CAPM candidate and a member of the Project Management Institute (Toronto Chapter).