Shelton Capital Management and Cedar Ridge Partners, LLC announced an agreement under which Shelton Capital Management acquired Cedar Ridge effective January 25, 2019 and became 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 focused, long/short and long-only portfolios. Consistent with Shelton Capital Management’s client base, Cedar Ridge has focused 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,” said Steve Rogers, 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.
Mr. Rogers continued, “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, commented, “Our unique alternative investment products utilizing 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.”
About Shelton Capital Management
Shelton Capital Management is a multi-strategy asset manager delivering sophisticated investment solutions. Founded in 1985, Shelton Capital Management has maintained consistent investment principles and a steadfast focus on authentic customer service. With offices in San Francisco, Denver and Greenwich, CT, Shelton Capital Management manages over $1.85 billion of assets as of December 31, 2018. For additional information, please visit us at https://www.sheltoncap.com/ or call (800) 955-9938.
About Cedar Ridge Partners
Cedar Ridge Partners, LLC is a private SEC-Registered Investment Advisor founded in 2004. The Firm offers unique alternative investment products focused on the US credit markets, specifically seeking to generate portfolio total returns by assessing relative value opportunities in municipal bonds, corporate bonds, and preferred securities. Cedar Ridge manages a variety of credit focused, long/short and long-only portfolios, including private funds and separate accounts, and is the advisor of a registered publicly traded mutual fund.
Important Information
INVESTMENTS ARE NOT FDIC INSURED OR BANK GUARANTEED AND MAY LOSE VALUE
It is possible to lose money by investing in a Fund. Past performance does not guarantee future results. Investors should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about a Fund. To obtain a prospectus, visit http://cedarridgepartners.com/mutual_fund.html or call Shelton Capital Management (800) 955-9988. A prospectus should be read carefully before investing.
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