Canadian Firms Launch Hedge Fund Seeding Vehicle

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.”


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note