Wednesday, 28 January 2015
Last updated 12 hours ago
Jun 10 2008 | 2:00am ET
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…