Mesirow CEO Tyree Dies, Founded Firm's Private Equity Business

Mar 18 2011 | 12:55pm ET

James Tyree, who led Mesirow Financial Holdings for 17 years, has died.

The cause was an unrelated complication of the cancer he was diagnosed with in October, a Mesirow spokeswoman said. He was 53.

Tyree was named CEO of Mesirow in 1994. He played a big role in the firm's alternative investments businesses, founding Mesirow Financial Private Equity Advisors in 1982 and serving as a director of Mesirow's $13.9 billion fund of hedge funds unit, Mesirow Advanced Strategies.

"Of course we are saddened by the loss of Mr. Tyree," Greg Fedorinchik, head of Mesirow Advanced Strategies, said. "He was a unique individual in his ability to make everyone around here, from the most senior business leader to the guys delivering the mail, feel proud to be a part of this firm."

"Jim was a quintessential Chicagoan, a South Side kid from humble roots who worked his way to the top but never left the city behind," President Barack Obama said in a statement. "He was beloved for what he gave back to the city that gave him so much—from his work with non-profit organizations, to his service on the board of the University of Chicago Medical Center, to his role in giving the Sun-Times a new lease on life."

Mesirow is expected to name Richard Price, currently president and chief operating officer, to succeed Tyree as chairman and CEO.

Tyree is survived by his wife and three children.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.