Accelerate Absolute Return Hedge Fund
About the Fund
The Accelerate Absolute Return Hedge Fund (TSX: HDGE) is a quantitative long-short equity hedge fund that seeks to achieve attractive risk-adjusted returns with low correlation to the broad equity markets.
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:
HDGE TRADING DATA
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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:
$0.10 per quarter
Exchange:
TSX
Currency:
CAD
Risk Rating:
Medium
Track Record
Investment Process
- Value
- Quality
- Price Momentum
- Operating Momentum
- Trend
The Fund goes long a portfolio of the highest expected return stocks selected from the top decile ranking from the multi-factor model while going short a portfolio of the lowest expected return stocks selected from the bottom decile ranking. The portfolio is rebalanced on a monthly basis.
Performance as of 2024-Feb-29
1 Month | 3 Months | YTD | 1 Year | 3 Years | Since Inception | ||
---|---|---|---|---|---|---|---|
HDGE | 6.5% | 9.2% | 14.2% | 18.0% | 21.9% | 7.9% |
Fund Characteristics as of 2024-Feb-29
Long | Short | |
---|---|---|
Number of Securities | 48 | 41 |
Average Market Cap ($mm) | $21,145 | $1,875 |
Beta | 1.0 | 1.4 |
EBITDA/EV | 12.3% | -4.2% |
FCF/EV | 10.6% | -9.7% |
Trailing Return | 45.5% | -36.4% |
Pct of 52 Week High | 96.1% | 53.6% |
Return on Capital | 25.8% | -11.4% |
Gross Profits/Assets | 7.6% | 3.7% |
50 DMA to 200 DMA | 117.3% | 86.3% |
EPS Revision | -0.9% | -4.9% |
Change In Shares | -3.9% | 7.1% |
Earnings Abnormal Return | 4.8% | -5.8% |
Sector Weightings as of 2024-Feb-29
Long | Short | |
---|---|---|
Communication Services | 0.0% | -1.2% |
Consumer Discretionary | 18.6% | -2.5% |
Consumer Staples | 4.5% | 0.0% |
Energy | 13.9% | -2.4% |
Financials | 16.4% | -3.4% |
Health Care | 11.5% | -11.8% |
Industrials | 23.5% | -7.3% |
Information Technology | 9.4% | -13.5% |
Materials | 13.9% | -5.7% |
Real Estate | 0.0% | -1.2% |
Utilities | 0.0% | 0.0% |
Equity Exposure | 111.7% | -48.9% |
Fund Holdings as of 2024-Feb-29
Long Security Name | Weight | |
---|---|---|
Williams-Sonoma Inc | 2.5% | |
GigaCloud Technology Inc | 2.5% | |
Murphy USA Inc | 2.4% | |
RCM Technologies Inc | 2.4% | |
Encore Wire Corp | 2.4% | |
KLA Corp | 2.4% | |
Taylor Morrison Home Corp | 2.4% | |
Masterbrand Inc | 2.4% | |
Cabot Corp | 2.4% | |
Bancorp Inc/The | 2.4% | |
Victory Capital Holdings Inc | 2.4% | |
American Woodmark Corp | 2.4% | |
Medpace Holdings Inc | 2.4% | |
Insight Enterprises Inc | 2.4% | |
HCI Group Inc | 2.4% | |
OraSure Technologies Inc | 2.4% | |
Scorpio Tankers Inc | 2.4% | |
Builders FirstSource Inc | 2.4% | |
CES Energy Solutions Corp | 2.3% | |
Atkore Inc | 2.3% | |
Logitech International SA | 2.3% | |
Liberty Energy Inc | 2.3% | |
Sylvamo Corp | 2.3% | |
Cadre Holdings Inc | 2.3% | |
F&G Annuities & Life Inc | 2.3% | |
NewMarket Corp | 2.3% | |
Griffon Corp | 2.3% | |
Ameriprise Financial Inc | 2.3% | |
GE HealthCare Technologies Inc | 2.3% | |
Booking Holdings Inc | 2.3% | |
Danaos Corp | 2.3% | |
Teekay Tankers Ltd | 2.3% | |
Sherwin-Williams Co/The | 2.3% | |
Progressive Corp/The | 2.3% | |
Nucor Corp | 2.3% | |
Teekay Corp | 2.3% | |
Marathon Petroleum Corp | 2.3% | |
Grand Canyon Education Inc | 2.3% | |
Loblaw Cos Ltd | 2.3% | |
CRH PLC | 2.3% | |
Radian Group Inc | 2.3% | |
Cardinal Health Inc | 2.2% | |
Coca-Cola Consolidated Inc | 2.2% | |
Qualys Inc | 2.2% | |
OReilly Automotive Inc | 2.2% | |
McKesson Corp | 2.2% | |
Owens Corning | 2.2% | |
Expedia Group Inc | 2.0% |
Short Security Name | Weight | |
---|---|---|
MicroStrategy Inc | -1.5% | |
indie Semiconductor Inc | -1.3% | |
Americas Car-Mart Inc/TX | -1.3% | |
CEVA Inc | -1.3% | |
Ameresco Inc | -1.3% | |
Mercury Systems Inc | -1.2% | |
AbCellera Biologics Inc | -1.2% | |
Novagold Resources Inc | -1.2% | |
Planet Labs PBC | -1.2% | |
Adaptive Biotechnologies Corp | -1.2% | |
SolarEdge Technologies Inc | -1.2% | |
Clean Energy Fuels Corp | -1.2% | |
Kennedy-Wilson Holdings Inc | -1.2% | |
QuantumScape Corp | -1.2% | |
MaxLinear Inc | -1.2% | |
Novocure Ltd | -1.2% | |
JetBlue Airways Corp | -1.2% | |
ADTRAN Holdings Inc | -1.2% | |
LivePerson Inc | -1.2% | |
Ballard Power Systems Inc | -1.2% | |
Pacific Biosciences of California Inc | -1.2% | |
Kornit Digital Ltd | -1.2% | |
STAAR Surgical Co | -1.2% | |
Methode Electronics Inc | -1.2% | |
Green Dot Corp | -1.2% | |
Health Catalyst Inc | -1.2% | |
NextDecade Corp | -1.2% | |
BioLife Solutions Inc | -1.2% | |
ARMOUR Residential REIT Inc | -1.2% | |
Ambarella Inc | -1.2% | |
Calix Inc | -1.2% | |
Liberty Broadband Corp | -1.2% | |
Tandem Diabetes Care Inc | -1.2% | |
Model N Inc | -1.1% | |
Alcoa Corp | -1.1% | |
Silk Road Medical Inc | -1.1% | |
Nevro Corp | -1.1% | |
Compass Minerals International Inc | -1.1% | |
MAG Silver Corp | -1.1% | |
Seabridge Gold Inc | -1.1% | |
Bridge Investment Group Holdings Inc | -1.1% | |
DISCLAIMER: This information on this web page does not constitute investment, legal or tax advice. Performance is inclusive of reinvested distributions. 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.