Cedar Grove Capital Management’s Q3 2026 Investor Letter

Michigan-based investment advisor Cedar Grove Capital Management recently released its third-quarter 2026 investor letter. In Q3 2026, Cedar Grove Capital Management’s Multi-Strategy Composite returned -12.7%, trailing the Russell 2000 (-7.2%), Russell Microcap (-7.4%), and S&P 500 (+2.4%). Since its January 14, 2026, inception, the composite has returned -26.2%, compared to index gains of 7.9%, 10.6%, and 12.4%, respectively. This market disconnect occurred despite solid business...