Tim Eriksen's Cedar Creek Partners has produced an average annualised return since inception for investors of 14.1% compared to a gain of 7% for the S&P 500 over the same period. Inception was January 15, 2006, so unlike many other smaller hedge funds, Cedar Creek was around to experience the financial crisis.
Hedge Fund Letters To Investors
For the first half of 2016, the fund produced a return of -3.5% compared to 3.8% for the S&P 500. At the end of June, the fund had 17 positions, with 56.5% of assets invested in the fund’s top five longs and 89.5% of assets invested. For the second quarter, the fund gained 5%.
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