Mesirow Financial has announced the launch of its third mutual fund, the Mesirow Financial Enhanced Core Plus Fund, which will be led by its core fixed income team and will leverage the expertise from two of Mesirow’s other institutionally focused investment and alternative strategies – Currency Alpha and High Yield Fixed Income – to offer investors a differentiated strategy.
“In today’s low-yield environment, investors are re-thinking fixed income allocations and searching for ways to achieve sufficient income and manage interest rate risk,” says Peter Hegel, head of the core fixed income team at Mesirow. “By incorporating high yield and active currency, the Enhanced Core Plus Fund introduces asset classes that have low or negative correlations to major equity and fixed income asset classes, while also offering investors the potential for higher yield. We believe this is a combination that can provide attractive risk-adjusted performance over a market cycle.”
Joe Hoffman, head of the currency management team at Mesirow, adds, “The ability to combine our expertise and distinctive strategies across Mesirow’s investment management platform reflects the breadth of our capabilities, as well as our collaborative and entrepreneurial culture,” noted. “The end result is a unique solution for income-oriented investors and the advisors who serve them.”
To accommodate institutional investor needs and preferences, the strategy will also be available in separate account and collective investment trust formats.