Sun, Jun 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Mesirow Financial pushes expansion in South Korea and North Asia

Tuesday, March 05, 2013
From Komfie Manalo, Opalesque Asia - Mesirow Financial Hong Kong Limited, a subsidiary of Mesirow Financial Holdings, Inc., is pushing ahead with its expansion into South Korea and North Asia with the creation of a client service and business development position for the firm’s hedge funds group, Mesirow Advanced Strategies, Inc.

In a press statement, Mesirow announced that it has hired Chae-Joo "CJ" Lee as Head of Korea. In this newly established role, CJ will work in the firm's Hong Kong office and be responsible for client service and business development in Korea/North Asia.

"We take great pride in being a reliable partner for our clients, helping them design and implement strategic hedge fund programs," said Marty Kaplan, CEO of Mesirow Advanced Strategies, Inc. "South Korea is a sophisticated and growing marketplace for alternative investments. I am excited to bring our hedge fund solutions to this important part of the Asian market."

Muj Ali, managing director and head of the Hong Kong office, commented, "We are thrilled to expand our team with the addition of CJ. CJ has the experience and background necessary to help guide South Korean clients as they build their hedge fund strategies. I am confident that he will serve Mesirow Financial and our partners well as we continue to bring innovative, customized, hedge fund solutions to the Asia marketplace."

Before joining Mesirow Financial, Lee served as CEO and Head of Korea for FRM Investment Advisory in Seoul, where he worked closely with clients in implementing multi-manager hedge fund portfolio strategies.

Lee has more than 25 years of capital markets experience with a strong focus on serving sophisticated institutional investors. He received both his bachelor's and master's degrees in the United States from Indiana University.

Mesirow has been aggressively pressing on with new products to serve its clients this year. Late last month, the hedge fund firm partnered with Morgan Stanley to launch a new UCITS fund that offers exposure to its Absolute Return Plus Strategy.

“We are proud to provide UCITS investors with access to the Mesirow Absolute Return Plus Strategy, established by Tom C. Willis, an acknowledged market leader in the industry with over 30 years trading experience”, said Alvise Munari, Managing Director and Global Head of Equity Derivatives, Sales and Financial Engineering at Morgan Stanley.

Background
Mesirow Financial Hong Kong Limited and Mesirow Advanced Strategies, Inc. are both subsidiaries of Mesirow Financial Holdings, Inc., a private, independent, employee owned, global financial services firm based in Chicago. Founded in 1937, the firm offers capabilities in Investment Management, Global Markets, Insurance Services and Consulting.

Mesirow Financial is ranked among the top-five private alternative investment firms globally with $58bn in alternative assets under management and core competencies spanning hedge funds, private equity, real estate, currencies, commodities, agriculture and other alternative strategies. Strategies are limited to suitable institutional investors.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  2. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  3. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  4. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  5. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp