Accelerate Absolute Return Hedge Fund

About the Fund

The Accelerate Absolute Return Hedge Fund (TSX: HDGE) is a diversified, liquid, and performance-oriented long-short equity hedge fund that seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader U.S. equity market.

Investment Objectives

  • Target 10-15% annualized returns
  • Generate positive returns irrespective of market direction
  • Hedge downside risk
  • Manage volatility
  • Provide uncorrelated returns
TRADING DATA
NAV: $20.1481
Market Cap: N/A
Date & Time: 22-05-2019, 02:41am
QUICK FACTS

Type:
Long-short equity

Date Started:
May 10, 2019

Management Fee:
0.00%

Performance Fee:
20% of outperformance over high water mark

Investment Manager:
Accelerate Financial Technologies Inc.

Distribution Frequency:
Quarterly

Exchange:
TSX

Currency:
CAD

Risk Rating:
Medium

Reference Portfolio Performance

Investment Process

HDGE utilizes a systematic, proprietary multi-factor model to sort and rank all liquid North American stocks based on five principal factors:
  1. Value
  2. Quality
  3. Price Momentum
  4. Operating Momentum
  5. Trend

The Fund goes long a portfolio of the highest expected return stocks selected from the top decile ranking from the multi-factor model while going short a portfolio of the lowest expected return stocks selected from the bottom decile ranking. The portfolio is rebalanced on a monthly basis.

Performance as of 2019-May-09

1 Month3 MonthsYTD1 Year3 YearsSince Inception
HDGEn/an/an/an/an/an/a

Fund Characteristics as of 2019-May-09

Long Short
Number of Securities4437
Average Market Cap ($mm)$5,213$577
Beta1.01.1
EBITDA/EV11.0%-16.0%
FCF/EV7.3%-5.5%
Trailing Return40.3%-44.6%
Pct of 52 Week High92.9%42.8%
Return on Capital31.6%-87.7%
Gross Profits/Assets10.1%1.5%
50 DMA to 200 DMA117.3%75.4%
EPS Revision-0.8%4.1%
Change In Shares-1.9%14.4%
Earnings Abnormal Return2.7%-3.6%

Sector Weightings as of 2019-May-09

Long Short
Communication Services8.3%-1.3%
Consumer Discretionary19.8%-7.5%
Consumer Staples2.7%0.0%
Energy12.3%-3.9%
Financials13.5%-4.0%
Health Care13.3%-10.6%
Industrials14.9%-5.5%
Information Technology15.3%-5.0%
Materials7.4%-6.0%
Real Estate2.1%-4.2%
Utilities0.0%0.0%
Total109.4%-48.1%

Fund Holdings as of 2019-May-09

Long Security NameWeight
Sinclair Broadcast Group Inc3.4%
Zynex Inc3.2%
Collectors Universe Inc2.9%
GlobalSCAPE Inc2.9%
Bruker Corp2.7%
Great Lakes Dredge & Dock Corp2.7%
Hershey Co/The2.7%
Lululemon Athletica Inc2.7%
Arch Coal Inc2.6%
Champion Iron Ltd2.6%
Cincinnati Financial Corp2.6%
Foot Locker Inc2.6%
IDT Corp2.6%
K12 Inc2.6%
Lantheus Holdings Inc2.6%
Mesabi Trust2.6%
Pzena Investment Management2.6%
Radiant Logistics Inc2.6%
BioSpecifics Technologies Corp2.5%
Cactus Inc2.5%
Cadence Design Systems Inc2.5%
EMCOR Group Inc2.5%
Geopark Ltd2.5%
Rent-A-Center Inc2.5%
Tech Data Corp2.5%
Xperi Corp2.5%
Lam Research Corp2.4%
Masco Corp2.4%
MGIC Investment Corp2.4%
Nexstar Media Group Inc2.4%
Oshkosh Corp2.4%
ProPetro Holding Corp2.4%
Radian Group Inc2.4%
VeriSign2.4%
Abercrombie & Fitch Co2.3%
Deckers Outdoor Corp2.3%
Denali Therapeutics Inc2.3%
North American Construction2.3%
DIRTT Environmental Solutions2.2%
Evercore Inc2.2%
Warrior Met Coal Inc2.2%
Marcus & Millichap Inc2.1%
Haverty Furniture Cos Inc1.9%
Crawford & Co1.2%

 

Short Security NameWeight
Forterra Inc-1.7%
Mersana Therapeutics Inc-1.6%
Mr Cooper Group Inc-1.5%
Assembly Biosciences Inc-1.4%
Contango Oil & Gas Co-1.4%
CorePoint Lodging Inc-1.4%
Fiesta Restaurant Group Inc-1.4%
Five Point Holdings LLC-1.4%
T2 Biosystems Inc-1.4%
Trinity Place Holdings Inc-1.4%
Asure Software Inc-1.3%
Banc of California Inc-1.3%
Cloudera Inc-1.3%
Diamond Offshore Drilling Inc-1.3%
EMCORE Corp-1.3%
Intrexon Corp-1.3%
NII Holdings Inc-1.3%
NN Inc-1.3%
Pieris Pharmaceuticals Inc-1.3%
Red Lion Hotels Corp-1.3%
Westport Fuel Systems Inc-1.3%
Yatra Online Inc-1.3%
Adamas Pharmaceuticals Inc-1.2%
Adient PLC-1.2%
Arbutus Biopharma Corp-1.2%
Coeur Mining Inc-1.2%
Del Frisco's Restaurant Group-1.2%
Kala Pharmaceuticals Inc-1.2%
Pan American Silver Corp-1.2%
Unit Corp-1.2%
United Insurance Holdings Corp-1.2%
Applied Optoelectronics Inc-1.1%
Gaia Inc-1.1%
Hecla Mining Co-1.1%
Titan International Inc-1.1%
Century Aluminum Co-0.8%