Cedar Grove Capital Management Reports Significant Underperformance in Q1 2026 Update

Michigan-based Cedar Grove Capital Management has disclosed a substantial performance gap in its latest investor letter. The firm's Multi-Strategy Composite has lagged significantly behind major US equity benchmarks.

• Multi-Strategy Composite net return of -23.0% since inception
• S&P 500 benchmark return of -5.5%
• Russell 2000 benchmark return of -5.6%
• Russell Microcap benchmark return of -5.9%
• Significant performance gap between firm composite and major indices