Formed in 1985, Merganser Capital Management is an SEC-registered investment adviser focused on the fixed income needs of institutional clients.

As fundamental investors, we endeavor to understand the intricacies of fixed income vehicles in order to identify the securities and sectors that provide the most attractive risk/reward characteristics. Succeeding in this endeavor has allowed us to meet the needs and objectives of our clients and gain their trust. Capital preservation, liquidity and total return permeate all of our decisions.

At Merganser we find ourselves frustrated and saddened by the systemic racism that persists in our country. We stand with the Black and brown communities in the fight against racism and injustice. But that is not enough. We need to ask ourselves and our broader communities how we can change, as people, as voters of elected officials, as communities, and as companies.

There is no easy, single answer but we are dedicated to the challenge. We as a company are committed to hiring and empowering a diverse workforce, with diversity expressed in many forms including race and ethnicity, gender and gender identity, sexual orientation, socioeconomic status, language, culture, national origin, religious commitments, age, (dis)ability status, neurodiversity and political perspective. We are committed to conducting our business without discrimination, bias or harassment. We will endeavor to provide a workplace that is welcoming and supportive; that creates a sense of belonging and values the contributions of all employees.

In building a more diverse, equitable and inclusive company we expect to achieve an environment where all employees can flourish. In this environment our diversity will contribute to improved business outcomes, including better employee retention and growth in assets under management, and bring new perspectives to the development of product offerings. We will work to foster a more diverse business community through our broker and vendor relationships. We are committed to ending prejudice and racism wherever we see it. We as a company and as individuals embrace the challenge of continuing these essential efforts for as long as there remains systemic forces that prevent equality for all.

- Andy Smock, CEO