Equity Management

We focus exclusively on small cap, small-mid cap and sustainable investing for institutional investors.

For institutional investors

 

1Q2022 Commentary

CIO and Portfolio Manager, Leo Harmon, provides his 1Q2022 Equity Quick Commentary

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Mesirow awarded runner-up for Best ESG Investment Fund: US Equities award

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Mesirow Equity Management has been awarded runner-up for the Best ESG Investment Fund: US Equities award, in 2022. Each year, ESG Investing celebrates the best in Environmental, Social and Governance (ESG) funds, research and products.

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We believe that the key to generating...

consistent investment performance is the selection of investment opportunities with attractive valuations and identifiable catalysts that are expected to generate accelerating earnings and cash flow growth. We seek superior results with less risk by participating in up markets and protecting capital in down markets. 

Our clients benefit from strategies that are:

ALIGNED

Our firm is employee owned. All of our investment team members are Mesirow shareholders and invest in our strategies alongside clients. Our success aligns with yours.

DISCIPLINED

Our buy and sell disciplines ensure ownership in high conviction ideas, and our investment process actively manages portfolio risk.

HOLISTIC

We overlay top-down macroeconomic analysis—quite rare for a small cap investor—to identify companies that are positioned to benefit from constructive macro and sector trends.

STABLE

Our effort to preserve capital in down markets is well suited for investors who have annual spending requirements or regularly scheduled retirement benefit payments.

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“We emphasize quality, attractive returns on capital, strong financial flexibility and proven management teams as we diversify portfolios—and manage risk—through sector and security selection.”

Kathryn Vorisek, Chief Investment Officer, Portfolio Manager

Strategies


    Investment style:  Relative value

    Market capitalization:  Range of the Russell 2000 Index

    Number of holdings:  70-90

    Position weight:  1-2%

    Benchmark:  Russell 2000 Value Index

    Portfolio Managers:  Kathryn Vorisek, Leo Harmon, Andrew Hadland

    Inception:  July 1, 1994

    STRATEGY OVERVIEW


    Investment style:  Relative value

    Market capitalization range:  Russell 2500 Index

    Number of holdings:  70-90

    Position weight:  1-2%

    Benchmark:  Russell 2000 Index

    Portfolio Managers:  Kathryn Vorisek, Leo Harmon

    Inception:  April 1, 2019

    STRATEGY OVERVIEW


    Investment Style:  Relative Value

    Market Capitalization: Range of the Russell 2500 Index

    Number of Holdings: 70-90

    Position Weight: 1%-2%

    Benchmark: Russell 2500 Value Index

    Portfolio Managers: Kathryn Vorisek, Leo Harmon, Andrew Hadland

    Inception Date: May 1, 2010

    STRATEGY OVERVIEW


    Investment Style: Relative Value

    Market Capitalization: Range of the Russell 2500 Index

    Number of Holdings: 70-90

    Position Weight: 1%-2%

    Benchmark: Russell 2500 Index

    Portfolio Managers: Kathryn Vorisek, Leo Harmon

    Inception Date: April 1, 2019

    STRATEGY OVERVIEW

    Choice in investment vehicle

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    Sustainability

    At Mesirow Equity Management, our comprehensive framework integrates fundamental and Environmental, Social and Governance (ESG) analysis along with aspects of responsible investing and company engagement to provide our clients an opportunity to do well and do good (i.e., influence positive behavior while delivering favorable performance).

    We believe that excess returns can be produced by investing in attractively valued stocks that are poised to appreciate due to catalyst driven earnings and cash flow growth. We also believe that ESG factors are interconnected with our fundamental assessment of macro, sector and company specific trends and can have a material impact on investment performance during our investment time horizon. As a result, we consider ESG factors in conjunction with other material risk and fundamental factors that, in aggregate, influence our decision to invest in an individual company.
     

    2021 sustainability report 
    Active ownership policy 
    ESG Integration Summary

    Team

    Headshot of Kathy Vorisek

    Kathryn A. Vorisek

    Senior Managing Director, Chief Investment Officer, Portfolio Manager | Equity Management

    Profile
    Headshot of Leo Harmon

    Leo Harmon, CFA, CAIA

    Senior Managing Director, Chief Investment Officer, Portfolio Manager | Equity Management

    Profile
    Headshot of Andrew Hadland

    Andrew S. Hadland, CFA

    Managing Director, Portfolio Manager | Equity Management

    Profile
    Headshot of Eric Jacobsohn

    Eric Jacobsohn, CFA,

    FSA Credential Holder

    Managing Director, Sustainability Portfolio Specialist | Equity Management

    Profile
    Headshot of John Nelson

    John Nelson, CFA,

    FSA Credential Holder

    Managing Director, Sustainability Portfolio Specialist | Equity Management

    Profile
    Headshot of Bashir Ahmad

    Bashir Ahmad

    Managing Director, Research Analyst | Mesirow Equity Management

    Profile
    Headshot of Lisa Carriere Jackson

    Lisa Carriere Jackson

    Vice President | Equity Management

    Profile
    Headshot of David Meyer

    David J. Meyer

    Senior Managing Director | Investment Management

    Profile
    Heashot of Eric Welt

    Eric J. Welt, CFA

    Managing Director | Investment Management

    Profile
    Headshot of Jim DeZellar

    Jim DeZellar, CFA

    Managing Director | Global Investment Management Distribution

    Profile

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    The information contained herein is intended for institutions and is for informational purposes only. It does not constitute an offer to sell nor a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Any offer can only be made through the appropriate Offering Memorandum which contains important information concerning risk factors and other material aspects of the investment and should be read carefully before an investment decision is made. A complete list of composites can be made available upon request. Information is provided in U.S. dollar denominations.

    It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Any stated performance results include the reinvestment of dividends and other earnings. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. Investment management services offered by Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. Securities offered through Mesirow Financial, Inc. member FINRA and SIPC.

    1. Current Sustainability Score based on 99.99% of Corporate AUM and Sovereign AUM | Global Category: US Equity Small Cap | Sustainability Score and Sustainability Rating as of December 31, 2021. Portfolio as of Nov 30, 2021. Sustainalytics provides issuer-level ESG Risk analysis used in the calculation of Morningstar’s Sustainability Score. Sustainable Investment Mandate information is derived from the fund prospectus. | Morningstar Sustainability RatingsTM and ScoresTM | Sustainalytics provides company-level analysis in the Morningstar's Sustainability Score. The Morningstar® Sustainability Rating is intended to measure the size of the equity market in their portfolio of environmental, social, and governance ("ESG") risks and opportunities related to the fund's Morningstar category peers. The Morningstar Sustainability Rating is a two-step process. ESG score from Sustainalytics¹ receives a Morningstar® Portfolio Sustainability ScoreTM. The Morningstar Sustainability Rating is then allotted to a Portfolio of Funds within Morningstar. • High (highest 10%) • Above Average (next 22.5%) • Average (next 35%) • Below Average (next 22.5%) and • Low (lowest 10%) The Morningstar Sustainability Rating is depicted by globe icons where High equals 5 globes and Low equals 1 globe. A Sustainability Rating is assigned to any fund that has more than half of its underlying assets rated by Sustainalytics and is within a Morningstar Category with at least 10 scored funds; therefore, the rating it is not limited to funds with explicit sustainable or responsible investment mandates. Morningstar updates its Sustainability Ratings monthly. Portfolios receive a Morningstar Portfolio Sustainability Score and Sustainability Rating one month and six business days after their reported as-of date based on the most recent portfolio. As part of the evaluation process, Morningstar uses Sustainalytics’ ESG scores from the same month as the portfolio as-of date. | Please visit https://www.morningstar.com/content/dam/marketing/shared/Company/Trends/Sustainability/Detail/Documents/Morningstar-Sustainable-Investing-Handbook.pdf for more detailed information about the Morningstar Sustainability Rating and its calculation.