- Alex Foreman joins Mesirow
Currency Management's 24-hour global trading team from Russell
Investments
- Foreman joins amid a 41% surge in trading volume and 38% AUM
growth over the past three years1
CHICAGO, July 17,
2024 /PRNewswire/ -- Mesirow, an independent
employee-owned financial services firm, announced today
that Alex
Foreman has joined Mesirow Currency Management's
trading team from Russell Investments. Foreman brings twelve years
of strategy and execution expertise and joins a highly skilled
trading team that averages over 20 years of experience and serves a
global institutional client base on a 24-hour basis.
"We're excited to have Alex join the team," said Joe Hoffman, CFA, CEO of Mesirow Currency
Management. "Last year our trading volume exceeded $715 billion and our AUM has continued to
increase every year for the past ten years. Our commitment to our
clients is our top priority, and we've been happy to be able to add
new team members to the group as our client offerings have expanded
and our long-term partnerships with institutions around the world
have grown."
Before joining Mesirow, Alex spent over a decade at Russell
Investments as a currency portfolio manager and FX trader. In his
roles, he specialized in customizing solutions for clients and
identifying ways to minimize transaction costs.
About Mesirow Currency Management
With more than
$169B in currency assets,1
Mesirow Currency Management has been delivering innovative,
customized currency solutions to institutional clients globally
since 1990. Being a private, employee-owned firm, Mesirow is
free from many conflicts of interest associated with
bank-affiliated organizations or publicly held firms and is fully
aligned with the interests of its clients. Mesirow Currency
Management is a signatory to the FX Global Code of Conduct and is a
member of the FXPA.
About Mesirow
Mesirow is an independent,
employee-owned financial services firm founded in 1937.
Headquartered in Chicago, with
locations around the world, we serve clients through a personal,
custom approach to reaching financial goals and acting as a force
for social good. With capabilities spanning Global Investment
Management, Capital Markets & Investment Banking, and Advisory
Services, we invest in what matters: our clients, our communities
and our culture. To learn more, visit mesirow.com, follow us
on LinkedIn and subscribe to Spark, our quarterly
newsletter.
Mesirow has been named one of the Best Places to Work in
Chicago by Crain's Chicago
Business multiple times and is one of Barron's Top 100 RIA
firms.
Media
mediainquiries@mesirow.com | Michael Herley | 203.308.1409
Mesirow refers to Mesirow Financial Holdings, Inc. and its
divisions, subsidiaries and affiliates. The Mesirow name and logo
are registered service marks of Mesirow Financial Holdings, Inc., ©
2024, Mesirow Financial Holdings, Inc. All rights reserved.
Investment management services provided through Mesirow Financial
Investment Management, Inc., Mesirow Institutional Investment
Management, Inc. and Mesirow Financial Private Equity Advisors,
Inc., all SEC-registered investment advisor, a CFTC registered
commodity trading advisors and member of the NFA, or Mesirow
Financial International UK, Ltd. ("MFIUK"), authorized and
regulated by the FCA, depending on the jurisdiction.
1. As of 6.30.2024. Currency
assets under management includes AUM associated with (i) active and
passive currency risk management products $166.71 billion, (ii) non-fx overlay strategies
such as equitization and beta overlays $602.60 million, and (iii) alpha strategies
$1.78 billion. In all such cases, AUM
is calculated based on notional value of currency investments.
Additionally, AUM for alpha strategies is adjusted because clients
can select a volatility target (generally between 2% and 12%
annualized), which is normalized to 2% in order to create a
consistent depiction of alpha strategy AUM. This results in a
"scaled" AUM, which is higher than the actual aggregate notional
value of all alpha strategy portfolios if clients have selected a
volatility target higher than 2%. As of 6.30.2024, the "unscaled"
AUM for alpha strategies was $434.68
million.
Award recognition disclosures:
https://www.mesirow.com/award-recognition-disclosures
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SOURCE Mesirow Financial Holdings, Inc.