Accelerator Capital, the $150 million seeding joint venture between Arrow Hedge Partners and Marret Asset Management, is making its first commitments to a pair of Canadian long/short managers.
The fund was launched in January and has been performing due diligence onmanagers in North America and other areas, according to Peter Rizakos, president. This summer, the fund will invest in a niche sector long/short stratgey and a more generic strategy, he said, adding that the fund is agnostic in terms of prospective strategies.
However, Rizakos said the fund is currently not reviewing any commodity-based or managed future strategies, given the lack of interest and the background of the group.
All told, the concentrated fund will look to invest in five to eight managers, and share in their revenue. Rizakos said the fund hopes to deploy the rest of its capital over the next 12 months, approximately.