Cedar Ridge Launches Fixed-Income Arb. Fund

Aug 1 2008 | 10:23am ET

Greenwich, Conn.-based Cedar Ridge Partners has launched the Cedar Ridge Short-Term Cash Fund, a fixed-income arbitrage offering.

The fund invests at least 80% of its assets in municipal securities exempt from federal income taxes and holds investments in munis that may be viewed as “cash equivalents” because of their short-term nature. The fund’s holding period is less than one year.

Cedar Ridge founder Alan Hart serves as portfolio manager.

The fund charges a 0.2% management fee and a 10% incentive fee. Its minimum investment requirement is $500,000.

Prior to founding Cedar Ridge in March 2004, Hart was an investment banker for 21 years specializing in municipal bonds, including so-called “corporate-backed” issues in the airline, airport, electric utility, energy, industrial and power generation sectors.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...