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
HDGE TRADING DATA
NAV:
Date:
QUICK FACTS

Type:
Long-short equity

Structure:
Alternative ETF

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:
$0.10 per quarter

Exchange:
TSX

Currency:
CAD

Risk Rating:
Medium

DISCLAIMER: This information on this web page does not constitute investment, legal or tax advice. Past performance is not indicative of future results. Any data provided on this web page should not be viewed as a recommendation or solicitation of an offer to buy or sell any securities or investment strategies. The information on this web page is based on market conditions and may fluctuate and change without notice. Accelerate does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this website and any liability is expressly disclaimed.

Track Record

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 2022-May-31

1 Month3 MonthsYTD1 Year3 YearsSince Inception
HDGE2.6%8.9%14.4%39.2%5.6%4.9%

Fund Characteristics as of 2022-May-31

Long Short
Number of Securities5046
Average Market Cap ($mm)$90,066$2,758
Beta1.21.4
EBITDA/EV21.9%-5.7%
FCF/EV10.6%-8.7%
Trailing Return49.7%-51.8%
Pct of 52 Week High84.4%35.9%
Return on Capital33.0%-12.3%
Gross Profits/Assets8.6%3.8%
50 DMA to 200 DMA110.2%68.3%
EPS Revision7.5%3.0%
Change In Shares-4.7%13.2%
Earnings Abnormal Return1.6%-5.9%

Sector Weightings as of 2022-May-31

Long Short
Communication Services2.6%-2.8%
Consumer Discretionary12.3%-8.9%
Consumer Staples6.8%-1.0%
Energy21.3%-2.0%
Financials13.5%-2.1%
Health Care1.9%-10.8%
Industrials20.5%-1.8%
Information Technology10.9%-9.8%
Materials22.3%-3.6%
Real Estate0.0%-1.9%
Utilities2.7%0.0%
Equity Exposure114.8%-44.5%

Fund Holdings as of 2022-May-31

Long Security NameWeight
Obsidian Energy Ltd3.0%
Crescent Point Energy Corp2.9%
Marathon Oil Corp2.7%
Montauk Renewables Inc2.7%
Hudson Technologies Inc2.7%
APA Corp2.7%
Parex Resources Inc2.6%
Playtika Holding Corp2.6%
Baytex Energy Corp2.5%
A-Mark Precious Metals Inc2.5%
Patria Investments Ltd2.4%
EOG Resources Inc2.4%
Driven Brands Holdings Inc2.4%
LSB Industries Inc2.4%
Coca-Cola Consolidated Inc2.4%
Athabasca Oil Corp2.4%
Steel Dynamics Inc2.4%
Taseko Mines Ltd2.3%
Amerigo Resources Ltd2.3%
Uni-Select Inc2.3%
Masco Corp2.3%
Russel Metals Inc2.3%
West Fraser Timber Co Ltd2.3%
Hardwoods Distribution Inc2.3%
Evercore Inc2.2%
ZIM Integrated Shipping Services Ltd2.2%
Concentrix Corp2.2%
Seagate Technology Holdings PL2.2%
Loblaw Cos Ltd2.2%
Resolute Forest Products Inc2.2%
George Weston Ltd2.2%
HP Inc2.2%
Credit Acceptance Corp2.2%
Nucor Corp2.2%
AutoNation Inc2.2%
Microsoft Corp2.2%
Encore Capital Group Inc2.2%
Dillards Inc2.1%
Danaos Corp2.1%
Encore Wire Corp2.1%
Western Forest Products Inc2.1%
Boise Cascade Co2.1%
Interfor Corp2.1%
Apple Inc2.1%
Louisiana-Pacific Corp2.0%
Academy Sports & Outdoors Inc2.0%
Landsea Homes Corp2.0%
Vinci Partners Investments Ltd1.9%

 

Short Security NameWeight
Wynn Resorts Ltd-1.1%
Orchid Island Capital Inc-1.1%
Workhorse Group Inc-1.0%
Rackspace Technology Inc-1.0%
Callaway Golf Co-1.0%
Adient PLC-1.0%
PetIQ Inc-1.0%
Mission Produce Inc-1.0%
NETSTREIT Corp-1.0%
Akoustis Technologies Inc-1.0%
Lightspeed Commerce Inc-1.0%
Ranpak Holdings Corp-1.0%
AMMO Inc-1.0%
Green Plains Inc-1.0%
Tellurian Inc-1.0%
Roku Inc-1.0%
Palantir Technologies Inc-1.0%
American Well Corp-1.0%
nLight Inc-1.0%
Schrodinger Inc/United States-1.0%
loanDepot Inc-1.0%
Inari Medical Inc-1.0%
Oak Street Health Inc-1.0%
PAR Technology Corp-1.0%
Duck Creek Technologies Inc-1.0%
1Life Healthcare Inc-1.0%
Vertiv Holdings Co-1.0%
Quanterix Corp-1.0%
Berkeley Lights Inc-1.0%
Amyris Inc-1.0%
Butterfly Network Inc-1.0%
NeoGenomics Inc-1.0%
Aspen Aerogels Inc-1.0%
BigCommerce Holdings Inc-1.0%
BioLife Solutions Inc-0.9%
Maxeon Solar Technologies Ltd-0.9%
DraftKings Inc-0.9%
Norwegian Cruise Line Holdings-0.9%
Bandwidth Inc-0.9%
Wayfair Inc-0.9%
Redfin Corp-0.9%
Okta Inc-0.9%
Purple Innovation Inc-0.9%
Cardlytics Inc-0.9%
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