


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
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
Reference Portfolio Performance

Investment Process
- Value
- Quality
- Price Momentum
- Operating Momentum
- 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 2020-Dec-31
1 Month | 3 Months | YTD | 1 Year | 3 Years | Since Inception | ||
---|---|---|---|---|---|---|---|
HDGE | 1.4% | -9.4% | -11.5% | -11.5% | n/a | -13.1% |
Fund Characteristics as of 2020-Dec-31
Long | Short | |
---|---|---|
Number of Securities | 48 | 55 |
Average Market Cap ($mm) | $58,646 | $2,919 |
Beta | 1.1 | 1.5 |
EBITDA/EV | 11.7% | -1.8% |
FCF/EV | 7.6% | -5.3% |
Trailing Return | 39.6% | -13.7% |
Pct of 52 Week High | 89.2% | 68.2% |
Return on Capital | 18.3% | -20.4% |
Gross Profits/Assets | 8.9% | 1.7% |
50 DMA to 200 DMA | 117.7% | 122.8% |
EPS Revision | 1.1% | 1.8% |
Change In Shares | -2.8% | 9.5% |
Earnings Abnormal Return | -0.4% | 2.3% |
Sector Weightings as of 2020-Dec-31
Long | Short | |
---|---|---|
Communication Services | 6.5% | -1.5% |
Consumer Discretionary | 11.0% | -3.3% |
Consumer Staples | 8.8% | -1.2% |
Energy | 1.7% | -3.4% |
Financials | 12.6% | -5.7% |
Health Care | 1.9% | -3.2% |
Industrials | 16.7% | -6.3% |
Information Technology | 11.0% | -4.4% |
Materials | 14.4% | -6.2% |
Real Estate | 1.9% | -1.3% |
Utilities | 1.9% | 0.0% |
Equity Exposure | 88.2% | -36.6% |
Fund Holdings as of 2020-Dec-31
Long Security Name | Weight | |
---|---|---|
AcuityAds Holdings Inc | 2.9% | |
Synaptics Inc | 2.1% | |
Hardwoods Distribution Inc | 1.9% | |
Boise Cascade Co | 1.9% | |
Masco Corp | 1.9% | |
Dundee Precious Metals Inc | 1.9% | |
Real Matters Inc | 1.9% | |
Helen of Troy Ltd | 1.9% | |
BRP Inc | 1.9% | |
Cerner Corp | 1.9% | |
Fortune Brands Home & Security | 1.9% | |
Carlisle Cos Inc | 1.9% | |
Simpson Manufacturing Co Inc | 1.9% | |
Northland Power Inc | 1.9% | |
Moodys Corp | 1.9% | |
Stantec Inc | 1.9% | |
IBI Group Inc | 1.9% | |
Microsoft Corp | 1.8% | |
SEI Investments Co | 1.8% | |
Gentex Corp | 1.8% | |
Commercial Metals Co | 1.8% | |
Teradyne Inc | 1.8% | |
Procter & Gamble Co/The | 1.8% | |
HomeStreet Inc | 1.8% | |
Ameriprise Financial Inc | 1.8% | |
Lithia Motors Inc | 1.8% | |
Empire Co Ltd | 1.8% | |
Loblaw Cos Ltd | 1.8% | |
Quebecor Inc | 1.8% | |
Illinois Tool Works Inc | 1.8% | |
Reliance Steel & Aluminum Co | 1.8% | |
DR Horton Inc | 1.8% | |
Intel Corp | 1.8% | |
T Rowe Price Group Inc | 1.8% | |
Deckers Outdoor Corp | 1.8% | |
Donnelley Financial Solutions | 1.8% | |
Applied Materials Inc | 1.8% | |
Sirius XM Holdings Inc | 1.8% | |
FMC Corp | 1.8% | |
Alimentation Couche-Tard Inc | 1.7% | |
Cascades Inc | 1.7% | |
Roxgold Inc | 1.7% | |
CI Financial Corp | 1.7% | |
Torex Gold Resources Inc | 1.7% | |
Parex Resources Inc | 1.7% | |
Cambium Networks Corp | 1.7% | |
Old Dominion Freight Line Inc | 1.7% | |
Lifevantage Corp | 1.6% |
Short Security Name | Weight | |
---|---|---|
Synchronoss Technologies Inc | -1.1% | |
Contango Oil & Gas Co | -0.9% | |
LiveXLive Media Inc | -0.9% | |
SilverCrest Metals Inc | -0.8% | |
Livent Corp | -0.8% | |
Pacific Biosciences of California | -0.8% | |
OneSpaWorld Holdings Ltd | -0.8% | |
Zuora Inc | -0.7% | |
Cree Inc | -0.7% | |
Cleveland-Cliffs Inc | -0.7% | |
Viad Corp | -0.7% | |
Playa Hotels & Resorts NV | -0.7% | |
Trilogy Metals Inc | -0.7% | |
Nexa Resources SA | -0.7% | |
Lyft Inc | -0.7% | |
New Residential Investment Corp | -0.7% | |
Delek US Holdings Inc | -0.7% | |
Ready Capital Corp | -0.7% | |
Teck Resources Ltd | -0.7% | |
Howard Hughes Corp/The | -0.7% | |
Redwood Trust Inc | -0.7% | |
VirnetX Holding Corp | -0.7% | |
ViewRay Inc | -0.7% | |
Cimarex Energy Co | -0.7% | |
Coty Inc | -0.7% | |
Spirit AeroSystems Holdings In | -0.7% | |
Haynes International Inc | -0.7% | |
Eagle Bulk Shipping Inc | -0.7% | |
Eventbrite Inc | -0.7% | |
Park Hotels & Resorts Inc | -0.7% | |
Colony Credit Real Estate Inc | -0.7% | |
Greenlight Capital Re Ltd | -0.6% | |
SP Plus Corp | -0.6% | |
Delta Air Lines Inc | -0.6% | |
Red Robin Gourmet Burgers Inc | -0.6% | |
Spirit Airlines Inc | -0.6% | |
Heritage Commerce Corp | -0.6% | |
NexTier Oilfield Solutions Inc | -0.6% | |
Misonix Inc | -0.6% | |
Western Asset Mortgage Capital | -0.6% | |
Carrols Restaurant Group Inc | -0.6% | |
Ambac Financial Group Inc | -0.6% | |
Chimera Investment Corp | -0.6% | |
Norwegian Cruise Line Holdings | -0.6% | |
Tidewater Inc | -0.6% | |
Paysign Inc | -0.6% | |
Flotek Industries Inc | -0.6% | |
Hawaiian Holdings Inc | -0.6% |