Roosevelt Investment Group has acquired a seven-member quantitative international equity team from Mesirow Financial.
Terms aren't being disclosed.
The deal will bring Leila Heckman, John Mullin and Vijay Chopra to Roosevelt Investment as managing directors, together with four additional team members, Ms. Heckman said in a telephone interview. Ms. Heckman and Mr. Mullin were senior managing directors at Mesirow; Mr. Chopra was managing director there.
The team manages $300 million — roughly half from institutional clients, the rest from high-net-worth clients, Ms. Heckman said. It brings four strategies to Roosevelt: EAFE Plus, emerging markets equities, international equities and global equities.
In a news release from Roosevelt Investment, David A. Chalfin, Roosevelt's managing director of strategic planning and corporate development, said the deal bringing the international team to Roosevelt pairs “an excellent investment team with a well-developed distribution infrastructure.”
Roosevelt has about $3 billion in assets under management, mostly in core domestic equities.
Mesirow spokeswoman Katie Schimmel couldn't immediately be reached for further comment.