Broadmeadow Capital plans to pay $5 million for the intellectual property, investment strategies and investment management contracts of F-Squared Investments Management LLC, an investment management firm that filed for Chapter 11 bankruptcy on Wednesday, July 8.

Broadmeadow, which provides investment strategies to individuals, investment offices and institutional investors, says the deal helps expand its product portfolio. The company is a subsidiary of investment services firm Cedar Capital, which is backed by Philadelphia private equity firm LLR Partners.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.