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
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 2021-Nov-30

1 Month3 MonthsYTD1 Year3 YearsSince Inception
HDGE8.7%11.2%22.5%24.1%n/a-1.5%

Fund Characteristics as of 2021-Nov-30

Long Short
Number of Securities5046
Average Market Cap ($mm)$62,359$5,237
Beta1.4 1.3
EBITDA/EV25.6%-3.9%
FCF/EV14.8%-8.2%
Trailing Return134.0%-13.0%
Pct of 52 Week High83.6%48.1%
Return on Capital25.4%-13.7%
Gross Profits/Assets9.6%2.7%
50 DMA to 200 DMA114.8%85.3%
EPS Revision6.3%5.4%
Change In Shares-0.4%14.0%
Earnings Abnormal Return2.2%-6.1%

Sector Weightings as of 2021-Nov-30

Long Short
Communication Services5.4%-3.2%
Consumer Discretionary20.8%-4.6%
Consumer Staples2.3%-1.0%
Energy16.1%-0.8%
Financials13.9%-2.5%
Health Care3.6%-7.3%
Industrials14.8%-5.0%
Information Technology6.7%-8.1%
Materials19.5%-3.8%
Real Estate0.0%-1.6%
Utilities0.0%0.0%
Equity Exposure103.1%-37.9%

Fund Holdings as of 2021-Nov-30

Long Security NameWeight
Uni-Select Inc2.7%
HP Inc2.4%
Manning & Napier Inc2.3%
Champion Iron Ltd2.3%
Grindrod Shipping Holdings Ltd2.3%
Interfor Corp2.3%
Albertsons Cos Inc2.3%
Huttig Building Products Inc2.3%
Resolute Forest Products Inc2.3%
Louisiana-Pacific Corp2.2%
Masco Corp2.2%
Bath & Body Works Inc2.2%
Amplify Energy Corp2.2%
AutoNation Inc2.2%
Encore Wire Corp2.2%
Magnolia Oil & Gas Corp2.2%
Canfor Corp2.2%
Microsoft Corp2.2%
West Fraser Timber Co Ltd2.2%
Lazydays Holdings Inc2.1%
Stelco Holdings Inc2.1%
XPEL Inc2.1%
Applied Materials Inc2.1%
Nucor Corp2.1%
Suncor Energy Inc2.1%
Donnelley Financial Solutions2.1%
Boise Cascade Co2.1%
Discover Financial Services2.0%
Crocs Inc2.0%
Evercore Inc2.0%
CI Financial Corp2.0%
Russel Metals Inc2.0%
EOG Resources Inc2.0%
Obsidian Energy Ltd2.0%
Dillards Inc2.0%
Parex Resources Inc1.9%
TransGlobe Energy Corp1.9%
Western Forest Products Inc1.9%
Inmode Ltd1.9%
BRP Inc1.9%
Corus Entertainment Inc1.9%
Ziff Davis Inc1.9%
Baytex Energy Corp1.9%
Hardwoods Distribution Inc1.8%
Cato Corp/The1.8%
Pzena Investment Management Inc1.8%

 

Short Security NameWeight
Orla Mining Ltd-1.1%
Osisko Mining Inc-1.0%
Applied Optoelectronics Inc-1.0%
Calavo Growers Inc-1.0%
Fluidigm Corp-1.0%
Vapotherm Inc-1.0%
Trupanion Inc-1.0%
Plug Power Inc-1.0%
Quotient Ltd-1.0%
Twilio Inc-0.9%
SilverCrest Metals Inc-0.9%
Ballard Power Systems Inc-0.9%
Las Vegas Sands Corp-0.9%
Akoustis Technologies Inc-0.9%
SI-BONE Inc-0.8%
Oak Street Health Inc-0.8%
Cleanspark Inc-0.8%
PetIQ Inc-0.8%
Alteryx Inc-0.8%
Coupa Software Inc-0.8%
Sunrun Inc-0.8%
Matrix Service Co-0.8%
Zillow Group Inc-0.8%
LiveOne Inc-0.8%
Madison Square Garden Entertainment-0.8%
DraftKings Inc-0.8%
Maxeon Solar Technologies Ltd-0.8%
Liberty Oilfield Services Inc-0.8%
MAG Silver Corp-0.8%
Selectquote Inc-0.8%
Redfin Corp-0.8%
Royal Caribbean Cruises Ltd-0.8%
1847 Goedeker Inc-0.8%
National CineMedia Inc-0.8%
Hawaiian Holdings Inc-0.8%
Cardlytics Inc-0.8%
American Superconductor Corp-0.7%
eHealth Inc-0.7%
VirnetX Holding Corp-0.7%
Quanterix Corp-0.7%
BigCommerce Holdings Inc-0.7%
Vroom Inc-0.7%
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