Roosevelt Investments, the New York-based asset manager, has completed the transaction to take on an international equity team from Mesirow Financial on a cooperative basis.

Equity strategists Leila Heckman, John Mullin and Vijay Chopra lead the seven-member team, which manages four international and global equity strategies based on quantitative research processes, the firm said.

Heckman, who will head the firm’s international equity team, said in a statement that the trio will continue to manage their four equity strategies in the same way as prior to the merger.

The international equity team provides research on developed and emerging markets, which has been used by institutions under the Heckman Global Advisors brand since 1994, and will continue at Roosevelt operating under the Heckman Global Advisors name following the merger.

Roosevelt had assets under advisement of $4.4 billion as of 31 December, including around $3 billion in assets under management.

In other recent news, Roosevelt hired veteran advisor Howard Potter in October last year as a senior fixed income portfolio manager to lead a team of seven investment managers.