Chicago-based alternative asset manager Mesirow Advanced Strategies has hired Matthew Strube away from the Teacher Retirement System of Texas.
In his new role as Mesirow’s senior vice president and head of portfolio research, Strube will report to chief investment officer, Steve Vogt, and assist in all aspects of portfolio construction, risk and allocation, with a particular focus on customized mandates.
Strube had served as a TRS director, responsible for the management of hedge fund strategy, due diligence and portfolio construction. Prior to that, he held management positions in the derivatives arena and was a proprietary options market maker for SMC Option Management.
“As a large provider of hedge fund services to institutional investors, we continue to create customized solutions to address our clients’ portfolio needs,” said Marty Kaplan, Mesirow CEO, in a statement. “As our single client portfolios have continued to grow, the demands placed on our portfolio construction and allocation infrastructure have increased. Matt will assist us in addressing this demand, working closely with Steve Vogt and the rest of our research team.”
Mesirow had $14.4 billion in assets under management as of April 30, 2012. Its parent company, Mesirow Financial, is an independent, global financial services firm employing 1,200 globally.