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-Jul-29

1 Month3 MonthsYTD1 Year3 YearsSince Inception
HDGE5.0%0.1%11.6%38.3%2.9%3.9%

Fund Characteristics as of 2022-Jul-29

Long Short
Number of Securities4846
Average Market Cap ($mm)$7,547$4,425
Beta1.11.4
EBITDA/EV21.7%-7.2%
FCF/EV10.1%-8.4%
Trailing Return46.4%-53.8%
Pct of 52 Week High74.2%36.2%
Return on Capital27.9%-13.8%
Gross Profits/Assets10.2%3.5%
50 DMA to 200 DMA105.1%66.5%
EPS Revision0.8%0.9%
Change In Shares-3.6%7.7%
Earnings Abnormal Return2.9%-3.3%

Sector Weightings as of 2022-Jul-29

Long Short
Communication Services2.3%-3.1%
Consumer Discretionary20.8%-6.0%
Consumer Staples6.9%-2.0%
Energy20.6%-1.0%
Financials9.2%-3.0%
Health Care2.3%-11.2%
Industrials20.6%-4.9%
Information Technology4.6%-11.9%
Materials20.1%-0.7%
Real Estate2.3%-1.0%
Utilities0.0%0.0%
Equity Exposure109.7%-44.7%

Fund Holdings as of 2022-Jul-29

Long Security NameWeight
Group 1 Automotive Inc2.5%
Credit Acceptance Corp2.3%
Coca-Cola Consolidated Inc2.3%
Landsea Homes Corp2.3%
Encore Wire Corp2.3%
AutoNation Inc2.3%
SilverBow Resources Inc2.3%
Interfor Corp2.3%
Louisiana-Pacific Corp2.3%
Hardwoods Distribution Inc2.3%
Russel Metals Inc2.3%
Encore Capital Group Inc2.3%
Patria Investments Ltd2.3%
Nucor Corp2.3%
Bombardier Inc2.3%
Build-A-Bear Workshop Inc2.3%
Danaos Corp2.3%
FirstService Corp2.3%
Thomson Reuters Corp2.3%
H&R Block Inc2.3%
Civeo Corp2.3%
Ermenegildo Zegna Holditalia SpA2.3%
Hudson Technologies Inc2.3%
CF Industries Holdings Inc2.3%
HP Inc2.3%
George Weston Ltd2.3%
Loblaw Cos Ltd2.3%
Marathon Oil Corp2.3%
Dollarama Inc2.3%
Uni-Select Inc2.3%
DHI Group Inc2.3%
Ensign Energy Services Inc2.3%
Parex Resources Inc2.3%
APA Corp2.3%
Crescent Point Energy Corp2.3%
TETRA Technologies Inc2.3%
Steel Dynamics Inc2.3%
Medical Facilities Corp2.3%
Baytex Energy Corp2.3%
A-Mark Precious Metals Inc2.3%
LSB Industries Inc2.3%
ZIM Integrated Shipping Services Ltd2.3%
Obsidian Energy Ltd2.3%
CTS Corp2.3%
Reliance Steel & Aluminum Co2.3%
Murphy USA Inc2.2%
Warrior Met Coal Inc2.2%
West Fraser Timber Co Ltd1.9%

 

Short Security NameWeight
Apollo Global Management Inc-1.1%
Anterix Inc-1.1%
908 Devices Inc-1.0%
Mission Produce Inc-1.0%
Oak Street Health Inc-1.0%
Nextdoor Holdings Inc-1.0%
Vertiv Holdings Co-1.0%
Vivint Smart Home Inc-1.0%
Palantir Technologies Inc-1.0%
Genius Sports Ltd-1.0%
TuSimple Holdings Inc-1.0%
BigCommerce Holdings Inc-1.0%
Lightspeed Commerce Inc-1.0%
Stem Inc-1.0%
AMMO Inc-1.0%
Clover Health Investments Corp-1.0%
American Well Corp-1.0%
XP Inc-1.0%
ON24 Inc-1.0%
Agilon Health Inc-1.0%
Aveanna Healthcare Holdings Inc-1.0%
Ondas Holdings Inc-1.0%
Stellantis NV-1.0%
UiPath Inc-1.0%
DraftKings Inc-1.0%
Bill.com Holdings Inc-1.0%
Full House Resorts Inc-1.0%
Schrodinger Inc/United States-1.0%
Alkami Technology Inc-1.0%
Reynolds Consumer Products Inc-1.0%
Treace Medical Concepts Inc-1.0%
Duck Creek Technologies Inc-1.0%
NETSTREIT Corp-1.0%
Grab Holdings Ltd-1.0%
Sprout Social Inc-1.0%
Vacasa Inc-1.0%
Tellurian Inc-1.0%
eHealth Inc-1.0%
NeoGenomics Inc-1.0%
FTC Solar Inc-0.9%
Codexis Inc-0.9%
Butterfly Network Inc-0.9%
Inotiv Inc-0.9%
Rackspace Technology Inc-0.9%
Aspen Aerogels Inc-0.7%
1Life Healthcare Inc-0.5%
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