Deals & People July 8, 2015

Broadmeadow Agrees to Buy F-Squared Assets

F-Squared Investments has filed for bankruptcy and agreed to sell its intellectual property, investment strategies and investment management contracts.
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F-Squared Investments has filed for bankruptcy and agreed to sell its intellectual property, investment strategies and investment management contracts.

Broadmeadow Capital, a subsidiary of Cedar Capital, said on Wednesday it has signed an agreement to acquire F-Squared Investments’ contracts. The investment firm’s voluntary petition under Chapter 11 of the U.S. Bankruptcy Code was filed on Wednesday in the U.S. Bankruptcy Court for the District of Delaware.

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Late in 2014, F-Squared was hit with a $35 million penalty by the Securities and Exchange Commission.

Broadmeadow Capital President David Cabot called the acquisition 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,” he said in a statement. “We look forward to providing continuity and stability to investors in these strategies.”

Broadmeadow Capital, a Boston-based affiliate of Cedar Capital, is an investment firm providing alternative investment strategies to individual and institutional investors. 

Products July 8, 2015

ERISApedia Adds Plan Administration Guidance Forms

The Fiduciary Responsibility eSource on ERISApedia.com has been expanded with new forms that guide retirement plan officials through key administration processes.
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ERISApedia.com’s searchable database now contains a suit of new forms that can be used by plan sponsors and advisers to efficiently manage 401(k) and 403(b) plan responsibilities.

Burrmont Compliance Labs LLC, the software company behind ERISApedia.com, says the enhancements make the Fiduciary Responsibility eSource “an even more valuable tool for advisers and plan sponsors.”

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The Fiduciary Responsibility eSource is written by former Internal Revenue Service and Labor Department attorney Charles Humphrey. Humphrey says the enhancements are “consistent with my objective of providing advisers and plan sponsors with easy-to-read, practical guidance and tools for them to do their jobs.”

Timothy McCutcheon, the publisher of ERISApedia.com, notes this latest expansion comes on the heels of the recently added Auditor’s Plan Prospecting ReSource.

McCutcheon says he is seeking other authors to publish complementary content on ERISApedia.com. He suggests that the “efficiencies involved in the online platform allow ERISApedia.com to offer generous royalties and also allow the authors to retain the copyrights on their materials.”

www.ERISApedia.com provides retirement plan sponsors, administrators, attorneys and advisers with easy access to compliance information and important retirement industry materials.

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