Tim Joyce is Co-Chief Investment Officer of Mesirow Alternative Credit a role which involves him in all aspects of the teams investment process Tim is a voting member of the business’ Investment Committee  Prior to joining Mesirow Tim served as the Co-President of Bastion Management which became part of Mesirow in December 2024 In that role Tim led the Firm’s Business Development initiatives co-…

Tim Reimink is the Head of Asset Management for Mesirow Alternative Credit a role which involves him in all aspects of the investment financial and operational processes Tim is a voting member of the business’ Investment Committee  Before joining Mesirow Tim was a co-founder Managing Director and Chief Compliance Officer of Bastion Management II LLC where he co-headed Portfolio Monitoring and was…

Tim Strang is Senior Vice President of Acquisitions in Mesirow Institutional Real Estate Direct He oversees all aspects of the acquisition process including sourcing financial analysis due diligence and underwriting Tim has more than 20 years of real estate experience Prior to joining Mesirow in 2014 he was Vice President of Asset Management at Redwood Capital Group where he was responsible for a…

Tim Ewing is a Managing Director in Mesirow Wealth Management He is the portfolio manager for the US Micro Cap Equity portfolio Tim has 21 years of investment management experience Prior to joining Mesirow in 2003 he was a Portfolio Manager for the large balanced and small cap portfolios of Lunn Partners Asset Management where his responsibilities focused on quantitative and capital market…

Toby Jury is an Operations Associate in Mesirow Currency Management Prior to joining Mesirow Toby was an Operations Specialist at The Cambridge Strategy (TCS In 2018 Mesirow completed the purchase of a significant portion of TCS assets  Toby studied business management

Todd Krzyskowski is a Managing Director in Mesirow Public Finance He specializes in serving Midwestern clients who issue general obligation and revenue-backed bonds specifically in Indiana and Illinois Todd has extensive experience in the industry including broad underwriting and infrastructure financing Prior to joining Mesirow in 2008 he served as a Senior Banker at JP Morgan where he…

Todd Waldrop is the National Head of Public Finance at Mesirow In this capacity he oversees the structuring and advising of municipal financings He also plays a pivotal role in shaping the strategy and growth of Mesirow’s Public Finance division focusing on innovative solutions to meet the funding needs of municipalities and related entities across the country With over 25 years of investment…

July 16 2024 | By, Mesirow Currency Management,  , Panning for digital gold, Tokenized gold works by digitizing ownership of actual physical gold making it accessible secure and tradeable on a distributed ledger Will investors rush to this 21st century treasure  Gold miners heading west - 1899 Antique Engraved Victorian Illustration of Gold Miners Heading West Wagon Train Victorian Engraving 1899 Source Getty Images, There’s gold in them thar phones, National mints financial technology companies and custodial banks such as HSBC have a golden quest tokenizing gold These financial institutions want to turn the precious metal into a digital version that can be easily bought or sold on mobile phones  It’s not an easy task some financial firms have announced plans for tokenizing gold only to give up a few years later Undeterred HSBC a large player…, Tiny market poised for extraordinary growth, The tokenized gold market is small standing at about 12 billion dollars Three cryptocurrencies PAX Gold Tether Gold and Kinesis Gold dominate together they account for over 96% of digitized gold holdings As a portion of managed assets tokenized gold is a tiny fraction of a percent But HSBC and Northern Trust project that by 2030 five to ten percent of all assets will be digital that translates…, How does it work, Digitizing gold begins when a custodial bank stores gold destined for tokenization in a vault Securely storing the gold assures token owners that the digital version is backed by physical gold  STEP 1 SECURE PHYSICAL GOLD Gold vault Federal Reserve Bank of New York Gold vault Federal Reserve Bank of New York Source Wikimedia Commons STEP 2 CREATE DIGITAL VERSION The custodian or a partner creates…, Origin and accessibility, Besides recording transactions distributed ledgers can store information useful to token holders and potential buyers The origin of the gold – whether mined recycled or commingled gold – and its purity can be stored on the ledger Other stored information such as the provenance or ownership history might be valuable to some holders and potential buyers and increase the token’s worth  Accessibility…, It ain’t easy, HSBC is trying where others have failed In 2019 technology firm InfiniGold introduced a digital token backed by gold holdings of The Perth Mint in Australia The tech partner pulled out in 2023 when the mint was accused of breaching Australian and US laws Sales were poor less than 1200 ounces were tokenized valued at about $35 million Australian dollars In 2018 the Royal Mint in Britain shelved…, Explore more currency insights, Cryptocurrencies and Tokenization, Distributed ledger technology fosters digitization of just about everything Read article, Can a US rapid payment system take off, Hedge Share Class Investors Grapple with Shorter (T+1 Security Settlement Cycle Read article

Tom Galuhn is a Senior Advisor for Mesirows Private Equity team He leads the co-investment activity is a member of the Private Equity Investment Committee and is involved in all aspects of the private equity investment process  Tom has more than 30 years of private equity investing experience Prior to joining Mesirow in 1987 he was a Principal in the corporate finance group of a regional…

Tom Hynes is a Senior Managing Director on the Mesirow Capital Formation and Currency Solutions team He is responsible for marketing and distribution of the firm’s investment capabilities to institutional investors and investment consultants in North America  He is also a member of Mesirow’s Board of Directors Prior to his current position Tom worked as an Investment Associate in Mesirows Private…