On October 28, 2020, Seward & Kissel client North Square Investments, LLC announced that it had entered into an agreement to acquire the mutual funds of Stadion Money Management, LLC.
Pursuant to the terms of the agreement, North Square Investments, LLC (“North Square”) will acquire the mutual funds of Stadion Money Management, LLC (“Stadion”). The three funds, Stadion Tactical Growth, Tactical Defensive and Trilogy Alternative Return will be renamed North Square Tactical Growth Fund, North Square Tactical Defensive Fund and North Square Trilogy Alternative Return Fund, respectively. The transaction is subject to fund shareholder approval and customary closing conditions, and is expected to close in the first quarter of 2021. Terms of the deal were not disclosed. A Seward & Kissel team led by partners Robert Kurucza, and Jim Abbott and counsel Lancelot King are representing North Square in connection with the transaction.
Stadion, headquartered in Athens, Georgia, is an independent investment management firm that specializes in custom retirement plans and investment solutions. As of September 30, 2020, it had $2.79 billion in assets under management.
North Square is a Chicago-based multi-boutique investment firm offering a range of equity products to clients.
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