Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information.
Sunday, 11 December 2016
Last updated 1 day ago
Feb 5 2008 | 2:11pm ET
A pair of Canadian firms have launched a hedge fund incubator fund, calling it the “first of its kind” in the country.
Arrow Hedge Partners and Marret Asset Management unveiled the Accelerator Capital Fund today. The new offering will invest in early-stage hedge funds across a variety of strategies, including long/short equity, relative value, event-driven and global macro.
The fund, managed by newly-minted Accelerator Capital Management President Peter Rizakos, has already raised about $150 million from institutional investors. It plans to invest in up to 10 managers.
“Both Arrow and Marret have extensive experience in identifying top hedge fund managers and in seeding and managing early-stage hedge funds,” Marret CEO Barry Allan said. “We realize that the initial capital is often the most difficult to obtain. Accelerator will provide this and more, including operational and risk management support and capital-raising assistance.”