CHICAGO, July 8, 2015 /PRNewswire/ -- Broadmeadow Capital, a subsidiary of Cedar Capital, today announced that it has signed an agreement to acquire the intellectual property, investment strategies and investment management contracts of F-Squared Investments, whose voluntary petition under Chapter 11 of the U.S. Bankruptcy Code was filed today in the U.S. Bankruptcy Court for the District of Delaware. The agreement is contingent on court approval and the consent of F-Squared clients.
"This transaction reinforces Cedar Capital's position as a single point of access to innovative investment strategies well suited to evolving market dynamics," said Cedar Capital CEO Paul Ingersoll. "Once completed, the acquisition will provide for uninterrupted service under the leadership of the Broadmeadow Capital team, supported by Cedar Capital's robust operating infrastructure."
Broadmeadow Capital President David Cabot said, "This acquisition presents a timely opportunity to expand Broadmeadow's product portfolio. We see merit in the AlphaSector investment strategies and methodologies, despite how their performance track record prior to 2009 was portrayed to investors. We look forward to providing continuity and stability to investors in these strategies."
Broadmeadow Capital is led by David Cabot and Eric Biegeleisen. Both formerly worked together at the Boston-based Windhaven Investments, which was one of the largest managers of ETF portfolios in the U.S. at the time of their departure. As a Principal of the firm, David previously served as a member of the firm's Investment Committee, led its Advisory Board and served as vice chair of Windhaven's Investment and Market Council. Eric was Director of Research at Windhaven and led the quantitative modeling, product due diligence and portfolio structuring for the firm and its strategies.
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About Cedar Capital Cedar Capital delivers innovative investment solutions through its industry-leading sales distribution and service capabilities. The firm provides a single point of access to multiple, diversified and unique investment strategies. Cedar Capital's goal is to identify superior asset managers in their respective categories who have an ability to address the growing complexities of today's financial markets.
About Broadmeadow Capital An affiliate of Cedar Capital, Broadmeadow Capital offers alternative and tactical investment strategies to individuals, investment offices and institutional investors. Broadmeadow's investment philosophy rests on developing investment theses that are rigorously tested, optimized and implemented using quantitative methods. The firm seeks to help investors manage exposures to global equity, fixed income and commodity markets while incorporating risk management techniques based on changes in volatility and investor behavior in order to maximize risk-adjusted returns.