Three months after receiving a Wells notice, F-Squared Investments
is under new leadership.
Today the Wellesley, Massachusetts-based model manager and mutual fund subadvisor unveiled
the ascension of board member Laura Dagan
to CEO, succeeding co-founder Howard Present
. Dagan once led stable value asset manager Dwight (now part of Goldman Sachs).
A spokesman for F-Squared confirms that as part of the change, which is effective immediately, Present is also leaving F-Squared's board of directors.
The move comes three months after the SEC sent F-Squared a Wells Notice, which F-Squared revealed
shortly thereafter, about the performance record of F-Squared's AlphaSector
U.S. equity indexes. F-Squared manages $28 billion, and at the end of the summer that included
$13 billion in five Virtus mutual funds subadvised by F-Squared.
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