Mesirow Financial has agreed to acquire assets of The Cambridge Strategy (Asset Management) (TCS) a UK-based currency alpha investment firm.
TCS was co-founded by Peter Henricks, CEO, and Russell Thompson, CIO, in 2003, and offers currency alpha strategies for return-seeking investors. Headquartered in London with offices in Hong Kong and Monaco, TCS has over $3 billion in assets under management in passive and active strategies.
“The acquisition of TCS complements our core, risk management offerings through the addition of alpha-seeking alternatives,” says Joseph Hoffman, CEO of Mesirow Financial Currency Management. “With equity valuations at all-time highs and bond yields near historic lows, investors are searching for quality, alternative return sources that demonstrate low correlation to mainstream asset classes. TCS will help our clients address this need.”
Henricks adds, “Mesirow has a history of providing clients with state-of-the-art currency risk management solutions, and the go-forward strategy is impressive. The team is elated to be joining Mesirow and to help provide clients innovative and comprehensive currency solutions.”
Meanwhile, Thompson says, “TCS has consistently delivered returns to our investors for 15 years in a variety of challenging investment environments. We see an extraordinary business fit with this partnership, and we feel we bring a unique alpha product to offer clients in today’s challenging environment.”
Chairman Edward Baker, TCS’s head of research, adds, “Leveraging the Mesirow infrastructure of business development, compliance and operations can only make us better. We couldn’t be more excited.”
The TCS team will be incorporated into Mesirow’s existing global currency team, all reporting to Hoffman.
“Our goal has been to invest in businesses that are the right blend of our entrepreneurial culture and client-oriented solutions to pave the way for future success,” says Dominick Mondi, president of Mesirow Financial. “Our partnership with TCS is one of those unique investments.”