Nature of Relationships

Cedar Capital are part of the Cedar group of companies which includes certain affiliated investment advisers some of which are presented on this website.

Cedar Capital provides investment advisory services to proprietary investment strategies, the Cedar MAPs portfolios. The Cedar MAPs portfolios are available as separately managed accounts or via model delivery.

Cedar Capital will solicit potential clients for separate account strategies on behalf of affiliated investment advisers. Cedar Capital will maintain a solicitation agreement with each affiliated investment adviser to provide such services. Cedar Capital and/or its personnel will receive compensation under such agreements for solicitation activities.

Cedar Capital may also provide administrative support services to affiliated advisers, including account administration, operations, client service, marketing, and compliance services. Cedar Capital may receive compensation for such services.

In addition to its advisory referral services, certain of Cedar Capital’s personnel are registered representatives of a non-affiliated broker-dealer, Foreside Fund Services, LLC (“Foreside”), and will engage in wholesaling and client service activities on behalf of registered investment companies and private investment funds of Cedar Capital and affiliated investment advisers (together, “Funds”). For their sales activities of securities, the registered representatives receive compensation related to the sale of a Fund’s interests. Any securities related sales activities are conducted exclusively through Foreside.