Firm Description
SG Capital (or the “Firm”) was founded in April of 2002 by Ken Grossman, Co-Founder and
Glen Schneider, Co-Founder, President, and now 100% owner of the Firm. SG Capital is
organized under the laws of the State of Delaware and is domiciled in Chicago, Illinois.
We provide discretionary investment management to private funds as well as separate accounts
for institutions (collectively, our “Clients”). We manage the Cedar Street Fund, LP (the “Onshore
Fund”) and the Cedar Street Offshore Fund, Ltd (the “Offshore Fund”) (together, the “Cedar
Street Funds”); we also manage the Cedar Street Teton Fund, LP (the “Teton Fund”). (each, as
a “Fund” and all four together, the “Funds”).
The Cedar Street Funds follow a similar event-driven, opportunistic strategy, investing in US-
listed equities and corresponding options. These funds offer four classes to its investors: Market
Neutral, Levered Market Neutral, Long-Short or Long Only. SG Capital also manages separate
accounts that follow the same Market Neutral, Levered Market Neutral, Long-Short or Long Only
strategies that the Cedar Street Funds’ share classes offer. Absent client-imposed restrictions,
each share class and corresponding separate account is managed pari passu and therefore will
maintain the same portfolio holdings.
The Teton Fund is managed following a similar opportunistic strategy but allows for greater
exposure and leverage limits. The Teton Fund may also invest in securities with greater market
capitalizations and securities in sectors in which the Cedar Street Funds do not invest. Lastly,
this fund also offers Market Neutral, Long-Short, Long Only and Concentrated classes to its
investors. SG Capital also manages separate accounts that follow the same Long-Short or Long
Only strategies that the Teton Fund’s share classes offer. Absent client-imposed restrictions,
each share class and corresponding separate account is managed pari passu and therefore will
maintain the same portfolio holdings.
Investors are not allowed to impose restrictions on the investments within a Fund; however, SG
Capital allows separate account clients to impose reasonable restrictions on the management of
their accounts.
Client Assets
As of December 31, 2023, we were actively managing $436,300,000 in assets on a
discretionary basis.