Abu Dhabi-based Mesirow Investment Management Partners to provide commodity and currency risk management and asset management solutions
ABU DHABI AND CHICAGO, October 30, 2012 — Mesirow Investment Management Partners has secured regulatory approval from the Central Bank of the United Arab Emirates and commenced operations.
The new company will be located at Sowwah Square on Al Maryah island, in Abu Dhabi's new central business district. The company – a partnership between Mesirow Financial and Mubadala Development Company – will help meet increasing demand from MENASA-based institutional investors, large corporations and high net worth individuals for world-class currency and commodity risk management services, as well as absolute return solutions.
Clients will benefit from Mesirow Investment Management Partners' passive and active currency risk management programs – recognized as among the most innovative in the industry – enabling them to control exposure to price fluctuations and enhance returns.
Building on the track record of its parent company, Mesirow Financial, which has more than $35 billion USD Assets Under Management in currency and commodities, and leveraging Mubadala's local market expertise, the new venture will offer both passive and active currency management programs. Mesirow Investment Management Partners will also advise and manage commodity portfolios with a focus on absolute return strategies that leverage the firm's expertise in its highly-ranked discretionary programs. Over the medium term, the venture will expand its offering to devise multi-strategy alternative investment solutions tailored to the needs of institutional investors in the region.
Gary Klopfenstein, senior managing director of Mesirow Financial Investment Management, said, "The ability to create tailored, sophisticated investment management solutions is crucial in order to establish a center of excellence for asset management in the region. Returns on investment portfolios are increasingly driven by macro factors such as currencies and commodities, and effectively identifying and capitalizing on them can be the key to investment success."
He added that, in addition to addressing the market needs for risk management services, Mesirow Investment Management Partners will also facilitate the development of local talent by sending young Emirati financial services professionals to an apprenticeship program within Mesirow Financial's headquarters in Chicago.
Additional information and contact details for Mesirow Investment Management Partners can be found at mimp.ae.
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with more than $61 billion in assets under management and 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals.
Mesirow Financial is one of the top alternative investment managers globally. Its Currency Management business manages currency risk for clients worldwide and has earned a premier reputation in the industry, including being awarded Currency Manager of the Year 2008 by European Pensions Magazine. With more than $35 billion in assets under management in currency and commodities for clients in the United States, Canada, Europe, the Middle East, Asia and Australia, its passive and active programs are recognized as among the most innovative in the industry. Currency Management is a division of Mesirow Financial Investment Management, Inc., an SEC registered investment advisor. For more information about Mesirow Financial, visit mesirowfinancial.com.
Securities offered through Mesirow Financial, Inc. member NYSE, SIPC. Insurance services provided through Mesirow Insurance Services, Inc.