Mesirow Launches Model Portfolios on MATC Platform

Mesirow Financial rolled out a series of model portfolios on the Mid Atlantic Trust Company (MATC) ModelxChange platform.

The portfolios’ exposure to exchange-traded funds (ETFs) and mutual fund investment options allows advisers and plan sponsors the flexibility to offer strategies that are based on mutual funds, passive ETFs or both active and passive ETFs. The portfolio sets will include both target-date and risk-based options.

Mesirow Financial designed the portfolio suite for both fee-based and commission-based advisers, and offers three levels of 12b-1 payouts. By using the ModelxChange platform, Mesirow Financial will be able to take advantage of the technology to provide more efficient 3(38) investment manager fiduciary services to plan sponsors.

“This step is part of our continuous effort to expand the audience for our flexible and cost-efficient fiduciary solutions,” said Michael Annin, senior managing director and head of Mesirow’s investment strategies team.

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Boredom at Work May Lead to Creativity

Catching up on your TPS reports in your cubicle or attending a mundane business meeting may make you more creative.

 

Often seen as negative, being bored at work can increase creativity because it gives us time to daydream, Drs. Sandi Mann and Rebekah Cadman from the University of Central Lancashire discovered after conducting two studies.

In the first study, 40 people were asked to copy numbers out of a telephone directory for 15 minutes. Next, they brainstormed different ways to use a pair of polystyrene cups.

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The 40 people who had copied telephone numbers showed more creativity than a control group of 40 people who had been asked only to come up with uses for the cups.

In its next study, the research team introduced a second rote task that allowed even more possibilities for daydreaming than the dull writing alone. In this study 30 people copied numbers as the control group, while a second group read the numbers instead of writing them.

 

Participants in the control group were the least creative, researchers found, but the people who had simply read the names were more creative than those who had to write them out. This suggests that more passive boring activities, such as reading or perhaps attending meetings, can lead to more creativity. Writing, by reducing the scope for daydreaming, reduces the creativity-enhancing effects of boredom.

"Boredom at work has always been seen as something to be eliminated, but perhaps we should be embracing it in order to enhance our creativity,” Mann said. “What we want to do next is to see what the practical implications of this finding are. Do people who are bored at work become more creative in other areas of their workor do they go home and write novels?"

 

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