Vision Capital Corporation

Vision Capital Corporation

May 25, 2016 08:45 ET

Ira Gluskin Joins Vision Capital Advisory Board

TORONTO, ONTARIO--(Marketwired - May 25, 2016) - Vision Capital Corporation ("Vision") is pleased to announce the appointment of Mr. Ira Gluskin to its Advisory Board.

Mr. Gluskin brings to Vision a unique breadth and depth of executive investment management experience, relationships, and strategic understanding of the global financial services arena.

Mr. Gluskin co-founded Gluskin Sheff + Associates Inc. ("Gluskin Sheff") in 1984, which is now one of Canada's pre-eminent wealth management firms, servicing high net worth private clients, estates, trusts and institutional investors. Gluskin Sheff's Common Shares are listed on the TSX under the symbol "GS." Mr. Gluskin served as the firm's President & Chief Investment Officer through December 31, 2009, and as a Director and the firm's Vice-Chairman through December 18, 2013. He has been appointed as a lifetime honourary director of Gluskin Sheff, and he continues to manage a portfolio of assets for clients of the firm. Prior to co-founding Gluskin Sheff, Mr. Gluskin worked in the investment industry for 20 years. Mr. Gluskin received a Bachelor of Commerce degree from the University of Toronto.

Mr. Gluskin is a well-known industry commentator.

He is the former Chair of the University of Toronto Asset Management Corporation and is a member of the University of Toronto's Boundless Campaign Executive Committee. He is a member of the Mount Sinai Hospital Foundation Investment Committee and Bridgepoint Foundation Investment Committee, the Sinai Health System's Board of Directors, and the Sinai Health System's Resource Committee.

Mr. Gluskin is the former Chair of the Investment Advisory Committee for the Jewish Foundation of Greater Toronto and is currently a member of its Investment Committee. Mr. Gluskin is also a member of the Toronto Symphony Foundation.

Jeffrey Olin, President & CEO and Portfolio Manager of Vision noted, "My partners Frank Mayer, Andrew Moffs, and I are extremely enthusiastic regarding Ira's appointment. It is noteworthy that before co-founding Gluskin Sheff, Ira was a highly ranked real estate securities analyst at a leading Canadian investment dealer. As such, Ira brings a unique and extremely relevant combination of skills and experience to contribute in a truly value-added capacity to Vision."

About Vision Capital Corporation:

Vision Capital Corporation ("Vision"), a registrant with the Ontario Securities Commission, manages the Vision Opportunity Funds (the "Funds"), which are private equity funds focused on publicly-traded real estate securities. The Vision Funds focus on unique market inefficiencies that allow Vision to buy real estate more cheaply through the stock market than one can in the property market. The Funds target superior risk-adjusted returns through long and short investments.

The Vision Funds have received considerable industry recognition for their leading risk-adjusted total return performance. Since its inception on July 2nd, 2008, the Vision Opportunity Fund LP has delivered a total compound annual return of approximately 15%.

Contact Information

  • Vision Capital Corporation
    Jeffrey Olin
    President and CEO, Portfolio Manager
    416-362-6546
    olin@visioncap.ca

    Vision Capital Corporation
    Frank Mayer
    Chairman, Portfolio Manager
    416-362-6547
    mayer@visioncap.ca

    Vision Capital Corporation
    Andrew Moffs
    Senior Vice President, Portfolio Manager
    416-722-6357
    moffs@visioncap.ca