Shelton Capital Management has acquired Cedar Ridge, effective 25 January 2019, and is now the investment advisor to the Cedar Ridge Unconstrained Credit Fund (CRUMX/CRUPX).
Cedar Ridge, founded in 2004, manages unique alternative investment products through a variety of credit-focussed, long/short and long-only portfolios. Consistent with Shelton Capital Management’s client base, Cedar Ridge has focussed on serving the distinct needs of high net worth individuals, RIAs, Institutional Investors and Family Offices.
“As an independent investment management firm, we are continuously seeking opportunities to strategically grow our business and enhance our investment services for the benefit of our investors,” says Steve Rogers (pictured), CEO of Shelton Capital Management. “We are very pleased to have the entire investment team at Cedar Ridge join us and to continue to successfully manage their unique and highly regarded alternative fixed income strategies.”
Alan Hart, Guy Benstead, Jeff Rosenkranz and David Falk all join Shelton Capital Management as Portfolio Managers.
Rogers adds: “This acquisition is part of the firm’s long-term strategy of building scale organically and through acquisitions. Adding the Cedar Ridge investment team and products to our existing fixed income platform is a great strategic fit.”
Cedar Ridge’s Managing Partner, Alan Hart, says: “Our unique alternative investment products utilising credit-based, relative value investment strategies complements Shelton Capital Management’s lineup of mutual funds and separately managed accounts. Both firms have a focus on delivering results that are diversified, attractive and uncorrelated when compared with other investing alternatives.”
