Cedar Grove Capital Management is a multi-strategy investment fund based in New York, NY. This fund is the public investment side of broader “Cedar Grove Capital” which offers SMB consulting services and invests in publics, and privates. Our public multi-strategy fund involves

  • Long / Short Equity

  • Merger Arbitrage

  • Event Driven

Most of our core areas of investment revolve around the consumer/retail, the consumer(tech), and cannabis spaces. As time has progressed over the decades, we believe that the continued integration of e-commerce into traditional brick-and-mortar retail leaves plenty of room for opportunity in quality names and brands.

While nascent, cannabis has made great strides over the years while being restricted by government rules and regulations. We believe that though much of the industry has faced uphill battles, the loosening of red tape on the state and federal levels will lead to the best risk-adjusted returns of any industry over the next decade.

In regard to size, we mainly focus on micro to small-cap names while trying to avoid mid to large-cap companies. We believe that there are much better risk-adjusted returns in the former than the latter but will not shy away if an ROI meets our desired criteria.


Fund Management

Paul Cerro is the Chief Investment Officer of Cedar Grove Capital Management. He started out his career on Wall Street working in Investment Banking at Merrill Lynch covering the consumer and retail industry. During his stint at Merrill, he’s advised on over $2B in transactions and was there for the cannabis market launch in late 2018.

Since then, he’s held multiple roles within the tech industry in companies ranging from Series B to Series D focusing on strategic growth. This granular-level business understanding has proved critical in realizing the true undervalued potential in investments.

Link to Twitter


Research Offering

What we post publicly, is essentially our investment notes for the fund. Given the time it takes for us to synthesize our investment theses, we have tiered models that appeal to readers looking for a free or more in-depth paid type of offering. This breakdown of what each tier brings to the table is listed below.

.We believe that the quality of the posts, accompanied by audio, is well worth the price we charge. To be clear, since this is more or less our notebook, there is no set cadence to our posts. This means that while other services post 2x a week or every other week, we only publish when we have an idea or need to provide an update.

To check out our past posts, click one of the links below.

Equity Research

M&A Trade Example

Take Private (LBO) Example


What People Are Saying

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Disclaimer & Disclosure

Cedar Grove Capital Management’s views are not investment advice. Any assertions made in Cedar Grove Capital Management’s posts represent the author’s opinion and should not be counted as investment advice. We never receive compensation for our posts other than through our newsletter subscription revenue. We have no business relationship with the companies I write about. Any investment action taken from my posts and the assumed risk of doing so fall solely on the reader.

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Multi-strategy investment fund focused on L/S, M&A Arb, and Event Driven.

People

Paul Cerro
Former investment banker @MerrillLynch in the consumer goods and retail space. Currently a portfolio manager at Cedar Grove Capital, a L/S hedge fund in NYC, where we invest in the consumer goods, retail, and cannabis spaces.