Analytic Fixed Income

Mesirow adds Analytic Fixed Income as third specialist income team

bond certificate income investing

Formerly the Fixed Income Investment Team of Chicago Equity Partners, the Mesirow Analytic Fixed Income team joined the firm in 2Q2020, bringing a distinct risk/return profile to sit alongside our existing investment grade fixed income capabilities.

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the proven investment philosophy and process that have delivered strong results for our institutional investors through all markets for more than 15 years, especially during periods of market dislocation and uncertainty.

Our professionals and strategies are:

STABLE

Tenured team focused on institutional markets whose incentives align with client goals

NIMBLE

Approach relies on skill rather than a static approach to risky sectors and issues

DISCIPLINED

Unique, effective security selection research process provides an unbiased and timely evaluation of corporate issues

DEPENDABLE

Returns offer diversification at the asset class and manager level, most notably during times of market turmoil

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“We believe our fixed income research process is a comprehensive, efficient and systematic way to manage credit risk in the corporate bond market, enabling our team to deliver on our goal of providing clients with principal preservation, income and risk reduction through diversification.”

- Curt Mitchell, Chief Investment Officer

Commitment to ESG

With a long history of managing socially responsible portfolios, we believe that: 

  • ESG considerations have become essential as traditional financial statements explain an increasingly smaller portion of a company's value. 

  • ESG data enables a more comprehensive, more complete and more holistic analysis of "value," helping to identify both the risks and opportunities associated with a company or industry. 

  • Incorporating non-financial ESG related factors into security selection enables our investment team to incorporate the regulatory, reputational and operational elements associated with ESG that provide a more complete analysis of the market’s valuation of a company.

Solutions


    Invests in:

    • U.S. Treasuries and Agencies

    • Corporate bonds

    • Government agency mortgage-backed securities

    • Commercial mortgage-backed securities

    • Asset-backed securities

    • Local authorities

    • Sovereigns

    • Supranationals

    Benchmark: Bloomberg Barclays 1-3 Year Government/Credit

    Duration:   +/- 10% of the benchmark

    Portfolio Managers:  Curt Mitchell,  Mike Budd, Chris Ashbee, Feng Zhao

    Inception Date:  12/31/2006


    Invests in:

    • U.S. Treasuries and Agencies

    • Corporate bonds

    • Government agency mortgage-backed securities

    • Commercial mortgage-backed securities

    • Asset-backed securities

    • Local authorities

    • Sovereigns

    • Supranationals

    Benchmark: Bloomberg Barclays Intermediate Government/Credit

    Duration:   +/- 10% of the benchmark

    Portfolio Managers:  Curt Mitchell,  Mike Budd, Chris Ashbee, Feng Zhao

    Inception Date:  12/31/2006


    Invests in:

    • U.S. Treasuries and Agencies

    • Corporate bonds

    • Government agency mortgage-backed securities

    • Commercial mortgage-backed securities

    • Asset-backed securities

    • Local authorities

    • Sovereigns

    • Supranationals

    Benchmark: Bloomberg Barclays U.S. Aggregate Index

    Duration:   +/- 10% of the benchmark

    Portfolio Managers:  Curt Mitchell,  Mike Budd, Chris Ashbee, Feng Zhao

    Inception Date:  12/31/2006


    Invests in:

    • U.S. Treasuries and Agencies

    • Corporate bonds

    • Government agency mortgage-backed securities

    • Commercial mortgage-backed securities

    • Asset-backed securities

    • Local authorities

    • Sovereigns

    • Supranationals

    Benchmark: Bloomberg Barclays Long Credit

    Duration:   +/- 10% of the benchmark

    Portfolio Managers:  Curt Mitchell,  Mike Budd, Chris Ashbee, Feng Zhao

    Inception Date:  12/31/2006


    Invests in:

    • U.S. Treasuries and Agencies

    • Corporate bonds

    • Government agency mortgage-backed securities

    • Commercial mortgage-backed securities

    • Asset-backed securities

    • Local authorities

    • Sovereigns

    • Supranationals

    Benchmark:   Client-defined

    Duration:   +/- 10% of the benchmark

    Portfolio Managers:  Curt Mitchell,  Mike Budd, Chris Ashbee, Feng Zhao

    Inception Date:  12/31/2006

     

    Mesirow Analytic Fixed Income has a long history of managing socially responsible portfolios. 

    • As traditional financial statements explain an increasingly smaller portion of a company's value, ESG considerations have become essential, and including them alongside traditional financial analysis improves issuer selection.

    • All 3 major credit rating agencies now incorporate ESG in their credit rating process, and companies with higher ESG scores have a history of fewer downgrades to their credit rating. 

    We believe that:

    • Adding ESG to our issuer selection process will benefit performance, leverage the socially responsible impact of investing and deliver the "social alpha" responsible investors desire.

    • While responsible investing is often believed to focus on the alignment of investments and organizational "values" at the expense of investment returns, a growing body of evidence demonstrates that responsible investing, despite having a smaller opportunity set, does not negatively impact investment returns. 

    • ESG data enables a more comprehensive, more complete, and more holistic analysis of "value,"  helping to identify both the risks and opportunities associated with a company's or industry's ESG profile. 

    • ESG data is intended to identify / evaluate material elements of business sustainability which are key factors to better earnings growth, less earnings volatility, and long-term profitability. 

    • Incorporating non-financial ESG related factors into security selection enables our investment team to incorporate the regulatory, reputational and operational elements associated with ESG that provide a more complete analysis of the market's valuation of a company.

    • With ESG integration, the corporate sector of the portfolio will be populated with issuers receiving the best ESG scores as well as companies making measurable improvement in their ESG ranking. 

    • Investing in companies who strive for a positive impact on stakeholders is in everyone's long term best interest financially, environmentally and socially. 

    Our team

    Curt Mitchell, CFA

    Senior Managing Director, Chief Investment Officer | Analytic Fixed Income

    Profile

    Christopher Ashbee,

    CFA, FRM

    Managing Director, Portfolio Manager | Analytic Fixed Income

    Profile

    Michael Budd,

    FSA Credential Holder

    Managing Director, Portfolio Manager | Analytic Fixed Income

    Profile

    Feng Zhao,

    Ph.D., CFA, FRM

    Managing Director | Analytic Fixed Income

    Profile

    Kenny Kwan

    Portfolio Analyst and Fixed Income Trader | Analytic Fixed Income

    Profile

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    The information contained herein should not be construed as a recommendation to purchase or sell any particular security or investment vehicle offered by Mesirow . The information included has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. Mesirow Financial Investment Management, Inc. and its affiliated companies and/or individuals may, from time to time, own, have long or short positions in, or options on, or act as a market maker in, any securities discussed herein and may also perform financial advisory or investment banking services for those companies. 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.