Toronto FoF Launches U.S Long/Short Equity Fund

Nov 18 2005 | 9:14pm ET

Toronto-based fund-of-hedge funds Arrow Hedge Partners has launched the Arrow Elmwood Fund, a U.S. long/short equity fund.

Jim McGovern, managing director and ceo of Arrow Hedge, said the fund, which will be advised by Elmwood Capital, will invest in a diversified portfolio of U.S. small and micro capitalization equities of firms whose products and services are intellectual property driven. Elmwood uses a bottom-up, growth style investment approach.

"We believe the market is entering another cycle of technology investing and we see compelling opportunities over the next 5-10 years that investors should take advantage of," said Rick Serafini, lead portfolio manager at Elmwood.


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