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

Accelerate Absolute Return Hedge Fund Explained:


Long-short equity

Alternative ETF

Date Started:
May 10, 2019

Management Fee:

Performance Fee:
20% of outperformance over high water mark

Investment Manager:
Accelerate Financial Technologies Inc.

$0.10 per quarter



Risk Rating:

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 2023-Feb-28

1 Month3 MonthsYTD1 Year3 YearsSince Inception

Fund Characteristics as of 2023-Feb-28

Long Short
Number of Securities4646
Average Market Cap ($mm)$9,882$3,245
Trailing Return25.4%-47.0%
Pct of 52 Week High88.9%49.0%
Return on Capital29.9%-19.8%
Gross Profits/Assets9.8%4.8%
50 DMA to 200 DMA107.3%86.4%
EPS Revision-3.5%-2.7%
Change In Shares-5.4%5.7%
Earnings Abnormal Return2.0%-0.8%

Sector Weightings as of 2023-Feb-28

Long Short
Communication Services6.8%-3.5%
Consumer Discretionary19.0%-4.2%
Consumer Staples7.2%0.0%
Health Care4.7%-10.0%
Information Technology9.7%-13.3%
Real Estate2.4%-1.8%
Equity Exposure107.8%-42.3%

Fund Holdings as of 2023-Feb-28

Long Security NameWeight
Russel Metals Inc2.6%
Axcelis Technologies Inc2.5%
MasterCraft Boat Holdings Inc2.5%
CTS Corp2.5%
Murphy USA Inc2.5%
Crescent Energy Co2.4%
CES Energy Solutions Corp2.4%
International Petroleum Corp2.4%
George Weston Ltd2.4%
Loblaw Cos Ltd2.4%
NuVista Energy Ltd2.4%
CF Industries Holdings Inc2.4%
ARC Resources Ltd2.4%
PowerSchool Holdings Inc2.4%
Grand Canyon Education Inc2.4%
Choice Properties Real Estate2.4%
Uni-Select Inc2.4%
AutoNation Inc2.4%
Group 1 Automotive Inc2.4%
Intact Financial Corp2.3%
European Wax Center Inc2.3%
Sprouts Farmers Market Inc2.3%
Cardinal Health Inc2.3%
HP Inc2.3%
Jackson Financial Inc2.3%
ZipRecruiter Inc2.3%
Nucor Corp2.3%
Advantage Energy Ltd2.3%
McKesson Corp2.3%
Mullen Group Ltd2.3%
Steel Dynamics Inc2.3%
Principal Financial Group Inc2.3%
Reliance Steel & Aluminum Co2.3%
Commercial Metals Co2.3%
Donnelley Financial Solutions2.3%
Atkore Inc2.3%
Stagwell Inc2.3%
West Fraser Timber Co Ltd2.3%
Encore Wire Corp2.3%
Tamarack Valley Energy Ltd2.3%
Mueller Industries Inc2.2%
Dillards Inc2.2%
Covenant Logistics Group Inc2.2%
Hudson Technologies Inc2.2%
Sirius XM Holdings Inc2.2%
CONSOL Energy Inc2.0%


Short Security NameWeight
Oscar Health Inc-1.3%
Kyndryl Holdings Inc-1.2%
Unity Software Inc-1.0%
Certara Inc-1.0%
SiTime Corp-1.0%
DoorDash Inc-1.0%
Xometry Inc-1.0%
Telos Corp-0.9%
Sumo Logic Inc-0.9%
SilverCrest Metals Inc-0.9%
Amplitude Inc-0.9%
Broadmark Realty Capital Inc-0.9%
Compass Inc-0.9%
Castle Biosciences Inc-0.9%
Radius Global Infrastructure I-0.9%
Outset Medical Inc-0.9%
SentinelOne Inc-0.9%
Signature Bank/New York NY-0.9%
Grab Holdings Ltd-0.9%
CareMax Inc-0.9%
Health Catalyst Inc-0.9%
AvidXchange Holdings Inc-0.9%
Hyliion Holdings Corp-0.9%
Paysafe Ltd-0.9%
IonQ Inc-0.9%
Archer Aviation Inc-0.9%
Lightspeed Commerce Inc-0.9%
NanoString Technologies Inc-0.9%
American Well Corp-0.9%
Plug Power Inc-0.9%
Cue Health Inc-0.9%
loanDepot Inc-0.9%
Navitas Semiconductor Corp-0.9%
SomaLogic Inc-0.9%
UiPath Inc-0.9%
Nextdoor Holdings Inc-0.9%
ROBLOX Corp-0.9%
SEMrush Holdings Inc-0.9%
Rush Street Interactive Inc-0.9%
CryoPort Inc-0.9%
Proterra Inc-0.8%
Opendoor Technologies Inc-0.8%
Invitae Corp-0.8%
Cardlytics Inc-0.8%
Purple Innovation Inc-0.8%
BARK Inc-0.7%

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.