Latest news with #Mesirow
CNA
3 days ago
- Business
- CNA
US dollar drops as investors prepare for court battle on tariffs
NEW YORK :The dollar fell on Thursday as investors prepared for U.S. President Donald Trump to battle a U.S. trade court ruling on Wednesday that blocked most of his proposed tariffs. A federal appeals court late on Thursday, however, reinstated Trump's levies on imports. The order from the United States Court of Appeals for the Federal Circuit in Washington provided no opinion or reasoning but directed the plaintiffs in the case to respond by June 5 and the administration by June 9. The greenback showed little reaction to the news. Senior Trump administration officials earlier downplayed the ruling's impact, expressing confidence it would be overturned on appeal and insisting other legal avenues are available in the interim. "Markets were quick to realize that the ruling was sort of narrow, meaning it was only focused on one aspect of the tariff plan here - emergency authorization," said Brad Bechtel, global head of FX at Jefferies in New York. "There were still plenty of other avenues for Trump." The dollar had rallied on the ruling. The U.S. currency has weakened on concerns that tariffs will slow the economy and reignite inflation, while the erratic implementation of Trump's policies is seen as denting the appeal of U.S. assets to foreign investors. "The deeper issue remains a persistent lack of clarity surrounding trade policy," said Uto Shinohara, senior investment strategist at Mesirow Currency Management in Chicago. The Federal Reserve has kept interest rates on hold on concerns about higher inflation as Fed officials wait to see how the trade policies will affect the U.S. economy. Trump, in a private meeting at the White House on Thursday, told Fed Chair Jerome Powell he was making a "mistake" by not lowering interest rates. "This is not likely to be the end of tariff policy, and in some respects, if the administration wins its appeal or opts for alternative legal paths to tariff implementation, they could aim for the tariff agenda as a whole to be more entrenched than it was previously," Goldman Sachs' forex analysts said in a report on Thursday. U.S. economic pessimism declined earlier this week after Trump on the weekend delayed a plan to impose 50 per cent tariffs on European Union imports. The euro was last up 0.73 per cent at $1.1374 after falling to $1.1209, the lowest since May 19. Against the Japanese yen, the dollar weakened 0.57 per cent to 143.99. It earlier reached 146.28, the highest since May 15. The dollar fell 0.59 per cent to 0.822 Swiss franc. The greenback also weakened on news that the number of Americans filing new applications for jobless benefits rose more than expected last week, and the unemployment rate appeared to have picked up in May, suggesting increasing layoffs as tariffs cloud the economic outlook. Investors are also watching the progress of a tax cut and spending bill that is working its way through the U.S. Congress and which is expected to add trillions in U.S. debt over the coming decade. Some Republicans have criticized it for not having enough spending cuts. Trump's budget chief said on Wednesday the White House intends to send Congress a package next week to formalize cuts made by billionaire Elon Musk's team targeting federal government spending. Longer-dated U.S. Treasury yields rose last week and demand for the Treasury's 20-year bond auction was soft due to rising concerns about the deteriorating U.S. fiscal outlook. The yen also weakened against the dollar earlier this week on reports that Japan will consider trimming issuance of super-long bonds in the wake of recent sharp yield increases in the country.
Yahoo
19-05-2025
- Business
- Yahoo
Mesirow Financial Real Estate Value Fund V Raises $1.245B, Marking 66% Growth Over Prior Fund
Provides access to US multifamily market through a diversified, risk-managed portfolio Positioned to capitalize on enduring demand and favorable apartment fundamentals Supported by team with $8.5B in assets managed since inception and a growing global institutional investor base CHICAGO, May 19, 2025 /PRNewswire/ -- Mesirow Institutional Real Estate Direct today announced the successful final closing of the Mesirow Financial Real Estate Value Fund V, securing $1.245 billion in investor commitments. The Fund's hard cap was established to maintain portfolio diversification and ensure disciplined investment pacing. "We are proud and humbled by the continued support and confidence of our investors as we expand our platform of value-added, risk-balanced multifamily real estate strategies," said Alasdair Cripps, Chief Executive Officer and Chief Investment Officer of Mesirow Institutional Real Estate Direct. "With Fund V, we remain focused on multifamily assets in select major US metropolitan markets, building on a platform with more than $8.5 billion in assets under management. We are especially grateful that new and existing investors have entrusted us with their capital amid ongoing market uncertainty." Fund V will target multifamily assets across the top 25–30 US markets, with an emphasis on creating meaningful asset appreciation through revenue enhancement, cost optimization, and best-in-class property management. The multifamily sector continues to demonstrate compelling long-term fundamentals, including durable rent profiles, inflation protection, and inelastic demand. "Our investment discipline is both proven and cycle-tested," added Cripps. "Fund V will continue our focus on repositioning underperforming Class A multifamily assets, acquired at discounts to replacement cost, in high-growth markets where barriers to entry reduce the risk of oversupply. This strategic approach has underpinned our track record of success and remains central to our value creation model." About Mesirow Institutional Real Estate Direct Mesirow Institutional Real Estate Direct provides institutional investors with access to compelling direct investment opportunities and attractive risk-adjusted returns in the real estate market. With $8.5 billion in assets managed since inception, and senior investment professionals averaging more than 30 years of multifamily investment experience, the team is committed to creating value for investors through well-diversified multifamily asset portfolios. For more information, please visit About Mesirow Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices 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 Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. Mesirow has been named one of the Best Places to Work in Chicago by Crain's Chicago Business multiple times and is one of Barron's Top 100 RIA firms. To learn more, visit follow us on LinkedIn and subscribe to Spark, our quarterly newsletter. Mediamediainquiries@ Michael Herley | 203.308.1409 Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2025, Mesirow Financial Holdings, Inc. All rights reserved. Investment management services provided through Mesirow Financial Investment Management, Inc., Mesirow Institutional Real Estate Direct is a division of Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor. Award recognition disclosures: View original content to download multimedia: SOURCE Mesirow Financial Holdings, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Mesirow Wealth Advisors Recognized by Forbes as 2025 Best-in-State Wealth Advisors
Award recognizes "advisors that are leading the way." Ranking based on quantitative and qualitative measures that identify the highest standards of best practices. Recognition comes as Mesirow Wealth Management continues to grow organically as well as through strategic acquisition. CHICAGO, April 23, 2025 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced that three of its Wealth Advisors, Jordan Scher, AIF®, Steven N. Mesirow, CFP®, and Brian Lorber, CFP® have been recognized by Forbes as 2025 Best-in-State Wealth Advisors.1 Based on advisor surveys and interviews, the advisors highlighted in the 2025 ranking cumulatively manage approximately $16.7 trillion in assets and stand out for their experience in navigating uncertain times. According to Forbes Top Advisor rankings evaluate quantitative and qualitative data, weighing factors "such as service models, compliance records and industry experience" and focusing on individual advisors that "encompass best practices in their approach to working with clients." "We are incredibly proud of Jordan, Steven, and Brian for their recognition in Forbes' 2025 Top Best-in-State Wealth Advisors list," said Brian Price, CEO of Mesirow Wealth Management. "This recognition highlights each of these Advisor's expertise, dedication, and commitment to providing outstanding client service. We look forward to their continued contributions to the firm." Jordan Scher, AIF® joined Mesirow in 1997 and has over 25 years of experience in the financial services industry. Jordan specializes in comprehensive financial planning and asset management for and serves as a member of the Mesirow Wealth Management Investment Management Committee. Steven N. Mesirow, CFP® joined Mesirow in 1993 and brings more than 30 years of financial services experience to the firm. At Mesirow he offers investment advice and financial planning strategies designed to help accumulate, manage, and preserve wealth for individuals, business owners, and charitable organizations. He is also actively involved in the Jewish United Fund Health and Human Services subcommittee. Brian Lorber, CFP® joined Mesirow in 2010 and has 14 years of experience in the investment industry. He serves as a member of the Mesirow Wealth Management Investment Committee and has also been recognized on Forbes' 2024 Best-in-State Top Next-Gen Wealth Advisors list. As a Barron's Top 100 RIA firm,2 Mesirow Wealth Management offers a differentiated approach that places equal emphasis on 1) customized, comprehensive wealth plans that evolve along with clients' lives and 2) expert investment selection in all markets, including access to traditional stock and bond opportunities as well as alternative investments. Mesirow Wealth Management has more than $12.4 billion in assets under management / assets under advisement,3 and Mesirow overall has $306.2 billion in assets under supervision.4 Learn more about Mesirow Wealth Management. About MesirowMesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices 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 Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. Mesirow has been named one of the Best Places to Work in Chicago by Crain's Chicago Business multiple times and is one of Barron's Top 100 RIA firms. To learn more, visit follow us on LinkedIn and subscribe to Spark, our quarterly newsletter. Mediamediainquiries@ Michael Herley | 203.308.1409 Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2025, Mesirow Financial Holdings, Inc. All rights reserved. Investment management services provided through Mesirow Financial Investment Management, Inc., Mesirow Institutional Investment Management, Inc. and Mesirow Financial Private Equity Advisors, Inc., all SEC-registered investment advisor, a CFTC registered commodity trading advisors and member of the NFA, or Mesirow Financial International UK, Ltd. ("MFIUK"), authorized and regulated by the FCA, depending on the jurisdiction. Award recognition disclosures: Each year, Forbes partners with SHOOK Research to evaluate prospective advisors. Evaluation criteria is gathered through telephone, virtual and in-person due diligence interviews, as well as quantitative data. They weigh factors like revenue trends, assets under management, compliance records, industry experience and those who encompass the highest standards of best practices. For the complete list of 2025 Best-in-State Wealth Advisors and methodology, visit 2024 Barron's Top RIAs (Received September 2024 for the year 2023 – Licensing fees paid post award for use of the ranking). In order to be considered for the Barron's 2024 Top RIA Firms list, applicants were required to complete a 145-question survey, with the firm's ADV informing the majority of responses. Firms were also required to meet a number of other specified requirements to be eligible for inclusion. Firms were ranked based on various qualitative and quantitative factors, including assets managed, the size and experience of teams, regulatory records of the advisors and firms, technology spending, staff diversity, organic and M&A growth, client segmentation as well as succession planning. Assets under management is as of 12.31.2024 and Assets under advisement is as of 9.30.2024. Some assets under advisement ("AUA") are on a 45-to-90-day lag due to time needed to confirm away assets. As of 12.31.2024 unless otherwise noted. | 1. "Assets under supervision" includes regulatory assets under management; assets under advisement; and non-securities currency assets under management. For these purposes: (1) regulatory assets under management ("RAUM") is calculated in accordance with Instruction 5A of Form ADV and includes all assets of securities portfolios (both discretionary and non-discretionary). (2) Some assets under advisement ("AUA") are on a 45-to-90-day lag due to time needed to confirm away assets. (3) Currency assets under management includes AUM associated with (i) active and passive currency risk management products $175.23 billion, (ii) non-fx overlay strategies such as equitization and beta overlays $885.03 million, and (iii) alpha strategies $1.57 billion. In all such cases, AUM is calculated based on notional value of currency investments. Additionally, AUM for alpha strategies is adjusted because clients can select a volatility target (generally between 2% and 12% annualized), which is normalized to 2% in order to create a consistent depiction of alpha strategy AUM. This results in a "scaled" AUM, which is higher than the actual ag6gregate notional value of all alpha strategy portfolios if clients have selected a volatility target higher than 2%. As of 12.31.2024, the "unscaled" AUM for alpha strategies was $365.38 million. View original content to download multimedia: SOURCE Mesirow Financial Holdings, Inc. Sign in to access your portfolio
Associated Press
21-04-2025
- Business
- Associated Press
HEICO Corporation Acquires Aircraft Interior Display Company
HOLLYWOOD, FL, EUGENE, OR AND DERBY, KS / ACCESS Newswire / April 21, 2025 / HEICO Corporation today announced that its Mid Continent Controls, Inc. ('MC2") subsidiary acquired all of the ownership interests of Rosen Aviation, LLC ('Rosen') for cash consideration paid at closing. Further terms and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the year following acquisition. The transaction marks HEICO's fourth acquisition in the past six months. Eugene, OR-based Rosen designs and manufactures in-flight entertainment (IFE) products, principally in-cabin displays and control panels, for the business and VVIP aviation markets. The company will operate as a wholly-owned subsidiary of MC2, which is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. The two businesses believe they can achieve important synergies, including, but not limited to, offering a larger set of aircraft interior IFE solutions integrating their respective products to offer state-of-the art designs and equipment to aircraft manufacturers, operators, completion centers and sub-system suppliers. Founded 45 years ago in 1980, Rosen enjoys a unique pedigree in the business and VVIP aircraft markets through its widely recognized and innovative product lines installed as standard equipment on a significant aircraft base of both in-production and legacy aircraft. MC2 and Rosen are part of the HEICO Electronic Technologies Group's Radiant Power family of companies. Thomas Hemphill, MC2's President, will lead both businesses. Mesirow acted as sole financial advisor to the sellers. HEICO Corporation is engaged primarily in the design, production, servicing and distribution of products and services to certain niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Florida-based Flight Support Group and its Miami, Florida-based Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and overhaul shops, as well as numerous defense and space contractors and military agencies worldwide, in addition to medical, telecommunications and electronics equipment manufacturers. For more information about HEICO, please visit our website at Certain statements in this press release constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include, among others: the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic; our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our costs to complete contracts; governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; cybersecurity events or other disruptions of our information technology systems could adversely affect our business; and our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals, and achieve operating synergies from acquired businesses; customer credit risk; interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues. Parties receiving this material are encouraged to review all of HEICO's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. SOURCE: HEICO press release
Yahoo
09-04-2025
- Business
- Yahoo
Mesirow Wealth Management Continues Growth and Expansion of Multi-Generational Services with Hire of Wealth Advisor Alex Gordon
Firm welcomes Alex Gordon, CFP® as a Wealth Advisor. Alex will focus on creating comprehensive, customized wealth planning for high net worth individuals and families. Hire reinforces Mesirow's commitment to multi-generational client service and aligns with its ongoing strategic growth. CHICAGO, April 9, 2025 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, today announced the addition of Alex Gordon, CFP® as a Wealth Advisor. Alex brings deep experience in financial planning and analysis for high net worth individuals and multi-generational families. He joins a seasoned team that includes Lee Gordon, Senior Managing Director and Stephanie Feldman, CFP®, CTFA, Managing Director. Mesirow Wealth Management, the firm's founding capability, offers a differentiated approach that balances comprehensive, customized wealth planning with expert investment selection in all markets. The firm provides clients access to traditional stock and bond investment opportunities and alternative investments, enabling their portfolios to evolve along with their lives. Many client relationships span four generations, reflecting Mesirow's deep expertise in advising families at every life stage. "Throughout our 88-year history, Mesirow Wealth Management has delivered exceptional, concierge-style client service," said Brian Price, CEO of Mesirow Wealth Management. "Alex's experience and client-first approach make him a valuable addition as we continue expanding through strategic hiring, organic growth and future acquisitions in the wealth management space." "I am excited to join Mesirow Wealth Management and contribute to the firm's unique approach to wealth management," said Alex Gordon. "I look forward to building strong, long-term relationships and helping clients navigate their financial journeys with confidence." Prior to joining Mesirow, Alex served as a Manager of Financial Planners and a Financial Planner at LPL Financial, where he assisted advisors with client data-gathering, financial analysis, and the development of comprehensive financial plans. Mesirow Wealth Management continues to grow both organically and through strategic acquisitions. Recent milestones include the acquisition of Price Wealth Management, a leading RIA firm in Stuart, Florida, and the acquisition of Front Barnett, a leading Chicago-based investment counseling firm for high net worth individuals. Additionally, recent key hires have expanded Mesirow's capabilities in estate and tax planning. Mesirow was recently ranked 41st on Barron's 2024 list of Top 100 RIA Firms,1 a ranking based on assets managed, technology investment, staff diversity, and succession planning. Mesirow Wealth Management has more than $12.4 billion in assets under management / assets under advisement,2 and Mesirow overall has $306.2 billion in assets under supervision.3 Learn more about Mesirow Wealth Management. About Mesirow Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices 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 Private Capital & Currency, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. Mesirow has been named one of the Best Places to Work in Chicago by Crain's Chicago Business multiple times and is one of Barron's Top 100 RIA firms. To learn more, visit follow us on LinkedIn and subscribe to Spark, our quarterly newsletter. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2025, Mesirow Financial Holdings, Inc. All rights reserved. Investment management services provided through Mesirow Financial Investment Management, Inc., Mesirow Institutional Investment Management, Inc. and Mesirow Financial Private Equity Advisors, Inc., all SEC-registered investment advisor, a CFTC registered commodity trading advisors and member of the NFA, or Mesirow Financial International UK, Ltd. ("MFIUK"), authorized and regulated by the FCA, depending on the recognition disclosures: 2024 Barron's Top RIAs (Received September 2024 for the year 2023 – Licensing fees paid post award for use of the ranking). In order to be considered for the Barron's 2024 Top RIA Firms list, applicants were required to complete a 145-question survey, with the firm's ADV informing the majority of responses. Firms were also required to meet a number of other specified requirements to be eligible for inclusion. Firms were ranked based on various qualitative and quantitative factors, including assets managed, the size and experience of teams, regulatory records of the advisors and firms, technology spending, staff diversity, organic and M&A growth, client segmentation as well as succession planning. Assets under management is as of 12.31.2024 and Assets under advisement is as of 9.30.2024. Some assets under advisement ("AUA") are on a 45-to-90-day lag due to time needed to confirm away assets. As of 12.31.2024 unless otherwise noted. | 1. "Assets under supervision" includes regulatory assets under management; assets under advisement; and non-securities currency assets under management. For these purposes: (1) regulatory assets under management ("RAUM") is calculated in accordance with Instruction 5A of Form ADV and includes all assets of securities portfolios (both discretionary and non-discretionary). (2) Some assets under advisement ("AUA") are on a 45-to-90-day lag due to time needed to confirm away assets. (3) Currency assets under management includes AUM associated with (i) active and passive currency risk management products $175.23 billion, (ii) non-fx overlay strategies such as equitization and beta overlays $885.03 million, and (iii) alpha strategies $1.57 billion. In all such cases, AUM is calculated based on notional value of currency investments. Additionally, AUM for alpha strategies is adjusted because clients can select a volatility target (generally between 2% and 12% annualized), which is normalized to 2% in order to create a consistent depiction of alpha strategy AUM. This results in a "scaled" AUM, which is higher than the actual ag6gregate notional value of all alpha strategy portfolios if clients have selected a volatility target higher than 2%. As of 12.31.2024, the "unscaled" AUM for alpha strategies was $365.38 million. Mediamediainquiries@ Michael Herley | 203.308.01409 View original content to download multimedia: SOURCE Mesirow Financial Holdings, Inc. Sign in to access your portfolio
