High Yield Management
Above-average income potential
Our clients gain above-average income potential and repeatable opportunities to earn alpha given our ability to develop a proprietary information advantage in smaller high yield names. Our philosophy is grounded on the belief that industry selection, especially the avoidance of bubble industries from their inception, is a primary alpha driver.
Our specialists and strategies are:
“We believe that our strategy which includes investing in small issues, is the most direct way to capitalize on local informational advantages in the lucrative realm of credit (where a disciplined approach can systematically add value) while simultaneously ‘selling’ liquidity to parties who systematically overvalue it.”
Robert Sydow, Chief Investment Officer, Portfolio Manager, Mesirow High Yield Management
Mesirow High Yield
For 25 years we have helped clients reap the high yield market’s enormous potential for return, while managing risk.
Strategies
Investment focus: Below investment grade corporate securities
Market capitalization: Emphasis on small-to-mid sized capitalization companies
Number of holdings: 75-125
Position weight: 1-2%
Benchmark: Bloomberg US Corporate High Yield Index
Vehicles: Separate account | Mutual fund | Collective investment trust
Portfolio Managers: Robert Sydow, Kevin Buckle, CFA, and Jim Lisko
Inception: 3.1.1999
Investment focus: Syndicated leveraged loans issued by corporate borrowers, which includes both first and second lien loans
Number of holdings: 60-100
Position weight: 1-2%
Benchmark: Credit Suisse Leveraged Loan Index
Vehicles: Separate account | Commingled limited partnership
Portfolio Managers: Robert Sydow, Kevin Buckle, CFA, and Jim Lisko
Inception: 8.2.2007
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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 US 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.