JoAnn Strasser
About JoAnn Strasser
JoAnn M. Strasser is the Secretary of The Mexico Fund, Inc. (MXF), age 65, serving since June 2023; she is a Partner at Thompson Hine LLP and acts as U.S. counsel to the Fund and the Independent Directors . MXF’s fund-level performance during her tenure has been strong year-to-date in 2025, with market price returns improving and NAV returns tracking the MSCI Mexico Index; see table below for monthly returns .
Fund performance during tenure (monthly snapshots)
| Metric | Jan 2025 | Feb 2025 | Mar 2025 | Jul 2025 |
|---|---|---|---|---|
| MXF Market Price YTD | 3.98% | 8.91% | 9.52% | 41.38% |
| MXF NAV YTD | 4.03% | 6.30% | 7.15% | 26.28% |
| MXF Market Price 1-year | -23.60% | -16.60% | -21.58% | 20.28% |
| MXF NAV 1-year | -21.27% | -16.54% | -21.60% | 8.91% |
Past Roles
No additional prior roles for Ms. Strasser are disclosed in MXF filings beyond her current positions .
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Thompson Hine LLP | Partner | Not disclosed | U.S. counsel to The Mexico Fund and the Independent Directors |
Fixed Compensation
| Component | 2024 | 2025 |
|---|---|---|
| Base salary (paid by Fund) | Not paid by the Fund (officers not compensated by Fund; expenses reimbursed) | Not paid by the Fund (officers not compensated by Fund; expenses reimbursed) |
| Target bonus % (Fund) | N/A – the Fund does not pay officers | N/A – the Fund does not pay officers |
| Actual bonus paid (Fund) | N/A | N/A |
The Fund directly pays a portion of the Chief Compliance Officer’s compensation; the President/CEO and Treasurer are compensated by the Adviser. Otherwise, the Fund does not grant options or compensation plans to its officers .
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Equity awards (RSUs/PSUs) | None for Fund officers | — | — | — | — | — |
| Stock options | None for Fund officers | — | — | — | — | — |
Equity Ownership & Alignment
| Item | Value |
|---|---|
| Directors and executive officers—group beneficial ownership | 2.60% of outstanding shares (14,680,148 shares outstanding as of Dec 31, 2024) |
| Individual beneficial ownership for JoAnn Strasser | Not disclosed |
| Director stock ownership guideline (retained shares policy) | Half of annual retainer to purchase Fund shares until $100,000 ownership; retain during tenure (Directors only) |
| Pledging/Hedging policy | Not disclosed for officers; nomination bylaws require disclosure of hedging/derivatives by stockholder nominees |
Employment Terms
| Term | Detail |
|---|---|
| Role | Secretary of The Mexico Fund, Inc. |
| Start date / Tenure | Since June 2023 |
| Employer of record | Partner at Thompson Hine LLP; U.S. counsel to the Fund and Independent Directors |
| Compensation by Fund | Fund does not pay officers (other than reimbursed expenses); no options or officer compensation plans |
| Severance / Change-of-Control | Not disclosed |
| Clawbacks / Ownership guidelines (officers) | Not disclosed (director share-retention policy applies to Directors) |
| Section 16 reporting compliance | Fund reports reporting persons complied during FY 2024 |
Investment Implications
- Pay-for-performance alignment: As an outside counsel and non-director officer, Ms. Strasser does not receive Fund-paid salary, bonus, equity, or options; compensation levers and performance-based incentives at the Fund level do not apply to her role, limiting direct alignment or trading signal relevance .
- Insider selling pressure and vesting risks: None indicated—no officer equity grants or options are disclosed, reducing near-term selling/vesting overhang tied to her position .
- Ownership alignment: Individual beneficial ownership for Ms. Strasser is not disclosed; group ownership is modest (2.60%). Director share-retention policy enhances board alignment but does not apply to her as an officer .
- Retention/contract risk: No employment agreement or severance/change-of-control terms are disclosed for the Secretary role, implying standard outside counsel engagement; role continuity risk is largely tied to Thompson Hine’s service relationship rather than Fund employment .
- Trading signals: With no officer equity compensation or Form 4 activity disclosed in MXF proxy materials, there are limited executive-specific signals; fund-level performance has improved through 2025, but this reflects portfolio outcomes rather than officer incentives .