Mesirow Financial says that its currency management group has surpassed $100 billion in assets under management as of December 31, 2019. The firm says currency is one of the biggest risks for institutions investing abroad and, as more money is put to work overseas, this risk continues to grow. As a result, a significant demand […]
Tag: Mesirow Financial
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 […]
Galen Stops talks to some veteran currency managers about generating returns in a world of reduced FX trends, increased regulation and evolving investor demands. Talking to individuals that have been actively trading in the foreign exchange market since Profit & Loss was launched in 1999 – and in some cases before then – it is […]
From a trader using their skills and multiple channels to execute client orders to a silent world of APIs and smart order routers, the execution process has changed almost beyond recognition over the past 20 years – but, as Colin Lambert finds out, not everyone sees algos as the next big thing in FX markets. […]
Ask three different people in the FX market what liquidity conditions are like today and you might get three very different answers. For example, one person might argue that there is less liquidity in the market today as regulations have seriously hampered both the ability and willingness of many banks to hold significant risk. On […]
Much has been made of the low buy side sign up to the FX Global Code, but as Colin Lambert finds out, it is likely only to be a matter of time.
Talk to senior members of the Global FX Committee and one can discern a sense of exasperation when they are asked (probably for the tenth time that day) about the lack of buy side adoption of the FX Global Code. The exasperation stems from what is the thorn in the side of the GFXC that is low adoption rates.
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 TCS team will be incorporated into Mesirow’s existing global currency team, all reporting to Hoffman.
Mesirow Financial has announced the addition of Christopher Langs to its core fixed income management team as managing director. He will serve as a portfolio manager and credit analyst and be responsible for the oversight of portfolio construction and trade implementation.
Langs has more than 26 years of investment management experience and joins from GW&K Investment Management in Boston where he was a portfolio manager and vice president, managing US high yield and investment grade corporate bond strategies for both institutional and retail clients.
CLS’s new post-trade monitoring and reporting tool, CLSTradeMonitor, has gone live with the first asset managers, including Mesirow Financial and Mountain Pacific Advisors.
CLSTradeMonitor delivers a real-time consolidated view of the match status details for all trades submitted to CLS. It aims to help asset managers efficiently manage their executed FX trades across all of their custodian banks. Trade status details are available across CLSSettlement providers and counterparties.
CLSTradeMonitor was built in combination with CLSNet, a bilateral payment netting platform built on a distributed ledger technology (DLT) platform.
Michael DuCharme has joined Mesirow Financial as director, currency solutions within its currency management business, which provides custom risk solutions, ranging from passive to active currency risk management.
He joins from Russell Investments, where he spent 17 years focused on trading systems and processes. Most recently, he was head of currency strategy, helping clients develop strategies to reduce their FX transaction costs while minimising risk. DuCharme started his career as an engineer, including a tour of duty as a civil engineering officer in the United States Air Force.