Strategic Fixed Income
Consistent, predictable returns over time
Our strategies emphasize yield while keeping duration neutral to the benchmark, which we believe can produce consistent, predictable returns over time. Customization in client portfolios and effective risk management enable us to offer a differentiated approach.
Our specialists and strategies are:
4Q2023 Commentary
In his latest video update, Dave Nirtaut, Co-CIO, Strategic Fixed Income, provides his 4Q2023 review as well as his outlook for investment grade credit for the start of 1Q2024.
“Through time-tested strategies we seek to capture the majority of available incremental investment returns while maintaining a neutral duration posture to minimize risk. Our approach capitalizes on in-depth research and yield curve analysis to determine the most efficient portfolio structure.”
Peter Hegel, Senior Managing Director, Strategic Fixed Income
Anchoring client portfolios
Our highly experienced team builds custom strategies designed to anchor client portfolios over the long term.
Solutions
Invests in:
US Government and corporate bonds
Residential and commercial mortgage-backed and asset-backed securities
Duration: +/- 5% of the Benchmark
Average credit quality: High
Benchmark: Bloomberg US Aggregate Index
Portfolio Managers: Peter Hegel, David Nirtaut and Todd Kurisu, CFA
Inception: 12.31.1999
Invests in:
US Government bonds
Investment grade corporate bonds
High yield corporate bonds and leveraged loans
Taxable municipal bonds
Residential and commercial mortgage-backed and asset-backed securities
Duration: +/- 20% of the Benchmark
Average credit quality: A-
Benchmark: Bloomberg US Aggregate Index
Portfolio Managers: Peter Hegel, David Nirtaut and James Lisko
Inception: 10.1.2019
Invests in: A diversified portfolio of US Government and corporate investment grade fixed income securities
Maturities: 1-10 years, adjusted duration in line with benchmark
Duration: +/- 5% of the Benchmark
Credit quality: High
Benchmark: Bloomberg Intermediate US Government/Credit Index
Portfolio Managers: Peter Hegel, David Nirtaut and Todd Kurisu, CFA
Inception: 12.31.1994
Invests in: A diversified portfolio of US Government and corporate investment grade fixed income securities
Maturities: 1-10 years, adjusted duration in line with benchmark
Duration: +/- 5% of the Benchmark
Credit quality: High
Benchmark: Bloomberg 1-3 Yr Gov/Credit Index
Portfolio Managers: Peter Hegel, David Nirtaut and Todd Kurisu, CFA
Inception: 3.31.2005
The key features of the Short Term strategy include a portfolio primarily invested in US Government and corporate investment grade fixed income securities with maturities between 1 and 3 years, adjusted duration in line with benchmark Bloomberg Capital 1-3 Year Government/Credit Index and high average credit quality.
Invests in:
US Government and corporate bonds
Taxable municipal bonds
Residential and commercial mortgage-backed and asset-backed securities
Maturities: 5-30 years, adjusted duration in line with the benchmark and/or liabilities
Duration: +/- 10% of the benchmark
Average credit quality: A
Portfolio Managers: Peter Hegel, David Nirtaut and Todd Kurisu, CFA
Inception: 4.30.2015
Invests in:
US Government bonds
Investment grade corporate bonds
High yield corporate bonds and leveraged loans
Taxable municipal bonds
Residential and commercial mortgage-backed and asset-backed securities
Currencies Maturities: 1-40 years
Duration: +/- 20% of the benchmark
Average credit quality: A-
Benchmark: Bloomberg US Aggregate Index
Portfolio Managers: Peter Hegel, David Nirtaut and Todd Kurisu, CFA
Inception: 10.1.2019
Insights
Keep up-to-date
Our latest observations on trends, opportunities and events taking place in the fixed income markets.
Team
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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.