Alex Cristi /iStock via Getty Images “This too shall pass.” April 10, 2026 To all clients, Cedar Grove Capital Management’s Multi-Strategy Composite returned -23.0% (net of fees) vs -5.6% for the Russell 2000, -5.9% for the Russell Microcap, and -5.5% for the S&P 500, since its inception.  CGCM Multi-Strategy Composite 1,2,3 (All Managed Portfolios with Balances >$20,000)    Net Return Russell 2000 Russell Microcap S&P 500   YTD through March 31, 2026 4 (23.0%) (5.6%) (5.9%) (5.5%)  1) Time-weighted ret ...