Mesirow Advanced Strategies Hires Strube to Head Portfolio Research
Focuses on addressing needs of customized mandates

CHICAGO, June 11, 2012 — Mesirow Advanced Strategies, Inc. today announced that it has hired Matthew Strube as senior vice president and head of portfolio research. In this newly formed role, Strube will report to chief investment officer, Steve Vogt, and will assist in all aspects of the portfolio construction, risk, and allocation process; with a particular focus on customized mandates.

Previously, Strube was a director for the Teacher Retirement System of Texas, where he was responsible for the management of hedge fund strategy, due diligence, and portfolio construction. Prior to that, he held management positions in the derivatives arena, and was a proprietary options market maker for SMC Option Management. Strube received his bachelor's degree from the University of Arizona and his master's degree in business administration from the University of Chicago, Booth Graduate School of Business.

"As a large provider of hedge fund services to institutional investors, we continue to create customized solutions to address our clients' portfolio needs," said Marty Kaplan, CEO of Mesirow Advanced Strategies, Inc. "As our single client portfolios have continued to grow, the demands placed on our portfolio construction and allocation infrastructure have increased. Matt will assist us in addressing this demand, working closely with Steve Vogt and the rest of our research team."

"We are delighted to welcome Matt to our team," added Vogt. "He is a seasoned leader with demonstrated institutional experience. We are confident that Matt can make a meaningful contribution as we continue to explore ways to enhance our ability to leverage our manager-level insights into portfolio decisions and sharpen our focus on the development of portfolio-level analytics."

Mesirow Advanced Strategies, Inc. is a widely recognized alternative investment manager with $14.4 billion in assets under management as of April 30, 2012. Its parent company, Mesirow Financial, is an independent, global financial services firm offering expertise in Investment Management, Global Markets, Insurance Services and Consulting. The firm has 1,200 employees globally. For more information about Mesirow Financial, visit mesirowfinancial.com.

The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2012, Mesirow Financial Holdings, Inc. All rights reserved. The information contained herein 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. It should not be assumed that any recommendations incorporated herein will be profitable or will equal past performance. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s).

Securities offered through Mesirow Financial, Inc. member NYSE, SIPC. Insurance services provided through Mesirow Insurance Services, Inc.