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Specialist Small Cap Equity Team Attracts Multiple Mandates in Volatile 2023 Equity Market
Mesirow Equity Management awarded five new mandates, Appointments span small cap value and small-mid cap value, Wins reflect strong performance and differentiated strategies that combine bottom-up fundamental analysis with top-down thematic considerations, , CHICAGO April 25 2023, – Mesirow Equity Management (MEM an institutional asset manager focused exclusively on investing in small cap and small-mid cap equities has been awarded five new mandates since year-end Reflecting investors’ desire for capital appreciation and protection of capital in down markets these new clients have awarded approximately $180 million in the aggregate across Mesirow’s small cap value and…, About Mesirow Equity Management, Mesirow Equity Management (MEM is an institutional asset manager focused exclusively on investing in small cap and small-mid cap value and core equities For more information please visit mesirowcom/equity , About Mesirow, Mesirow is an independent employee-owned financial services firm founded in 1937 Headquartered in Chicago with locations around the world we serve clients through a personal custom approach to reaching financial goals and acting as a force for social good With capabilities spanning Global Investment Management Capital Markets and Investment Banking and Advisory Services we invest in what matters…
Specialty Distribution 1Q2023 Market Update
Market Commentary Resilient M&A Activity despite headwinds Despite the uncertain near-term economic outlook and difficult debt markets the number of completed M&A transactions across the specialty distribution sector in Q1 2023 has been encouraging The buyer mix across the specialty distribution M&A landscape has largely been focused on strategic acquirers as private equity firms…
Stablecoins: Cryptocurrencies with a pegged price
August 13 2024 |, By, Mesirow Currency Management, Designed to overcome price volatility could stablecoins become a mainstream medium of exchange, Fans tout cryptocurrencies as a new medium of exchange a digital currency to pay for goods and services But cryptocurrencies are volatile and people are reluctant to use them when prices change rapidly Sellers are worried that a cryptocurrency might drop significantly in price right after they make a sale of a good or service while buyers dread a big increase Both can leave a transaction wishing…, Stablecoin category, Stability is maintained by, Examples, Currency-backed Reserves of currencies such as the US dollar or euro Tether USD Coin Commodity-backed Reserves of commodities such as gold PAX Gold Tether Gold Other cryptocurrencies An algorithm that directs the purchase or sale of underlying cryptocurrencies Dai Frax Unbacked Computer programs that buy and sell the stablecoin to match demand and supply TerraClassicUSD Destablecoin HAY Source…, Stablecoin, , Backing, Value, % of Stablecoin Value, Tether, USDT Currencies mostly US dollar $114523658219 699%, USDC, USDC USD $33105539764 202%, DAI, DAI Cryptocurrencies $5294328701 32%, Ethena, USDE Cryptocurrencies $3196044313 20%, First Digital, FDUSD USD $2016626996 12% , 965%, Note Value is market capitalization Source coingeckocom July 31 2024 Stablecoin uses Figure 1 presents typical stablecoin uses The largest category is as a trading asset Some traders find the wild swings in cryptocurrency prices advantageous for achieving large profits but the volatility of most cryptocurrencies hampers their use as a medium of exchange The price stability of stablecoins makes…, Step 1, A user deposits currency into Tethers bank account, Step 2, Tether issues tokens (USDT and sends them to the user’s wallet address (user’s deposited amount less fees, Step 3, Tether tokens (USDT can then be used by user’s for transactions traded or stored for later use, If the user decides to redeem their USDT into currency then, Step 4, The user deposits USDT into their Tether account , Step 5, Tether removes those coins (USDT from circulation Tether is the only party that can take Tether coins into or out of circulation Stablecoin problems Stablecoins might become the dominant form of money but so far there’s no sign of an everyday digital currency Stablecoins are a small segment of cryptocurrencies and cryptocurrencies are an even smaller portion of total net private wealth - less…, Explore more currency insights, Tokenized gold, Tokenized gold works by digitizing ownership of physical gold making it tradeable on a distributed ledger Will investors rush to this 21st century treasure Read article, US debt is headed to unimaginable levels, Since 1990 debt crises have erupted periodically but the next one may not be so easy to dismiss Is a financial reckoning coming Read article
Staying focused on community needs is critical during times like these...
At Mesirow we find value in connectivity — connecting deeply with our clients our authentic connections within the communities we serve and the connectivity within our employee base In March 2020 the big question loomed how are we going to continue those vital points of connection while separated at our home offices during the course of the pandemic The answer and course for moving forward came…, Addressing basic needs of our neighbors, To address urgent needs in food security the acute needs of small businesses and comprehensive needs of families across Chicago and the suburbs Mesirow has doubled down on existing partnerships with nonprofit agencies such as Chicago Public Schools Foundation Compassion Fund and M etropolitan Family Services We also opened new avenues of funding via matching employee donations to 10 nonprofits…, Lifting up the performing arts community, A passion of many of our clients and employees is the performing arts a sector that has been hit hard with patrons unable to take their seats in auditoriums and fundraisers having come to a screeching halt Partnering with World Business Chicago the city’s economic development agency Mesirow sponsored a virtual 5K run/walk in October that raised critical funding for the Arts for Illinois Relief…, Employees coming together for our communities while apart, Despite not coming together Mesirow’s employee volunteerism and fundraising efforts haven’t stopped We provided 650 notes of hope that were distributed in food packages to Brighton Park families through nonprofit Communities in Schools of Chicago And we worked one-on-one with young job seekers to conduct mock interviews and review resumes via video Our employees look forward annually to…, Shared values, We invite you our clients who we know share our deep values of giving and connecting to find the organization that speaks to you and stay connected in giving this year