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
TRADING DATA
NAV: $20.3240
Date & Time: 17-07-2019, 21:16pm
QUICK FACTS

Type:
Long-short equity

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 Frequency:
Quarterly

Exchange:
TSX

Currency:
CAD

Risk Rating:
Medium

Reference Portfolio Performance

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 2019-Jun-28

1 Month3 MonthsYTD1 Year3 YearsSince Inception
HDGEn/an/an/an/an/an/a

Under current regulations, fund performance can only be published one year after its inception.

Fund Characteristics as of 2019-Jun-28

Long Short
Number of Securities4633
Average Market Cap ($mm)$33,123$782
Beta 1.0 0.9
EBITDA / EV7.8%-11.1%
FCF / EV6.6%-14.1%
12-Month Return36.2%-43.1%
% of 52 Week High92.3%50.7%
Return on Capital23.8%-38.5%
Gross Profits / Assets9.4%2.6%
50 DMA / 200 DMA117.1%84.5%
EPS Revisions-1.4%-2.8%
Change In Shares-3.4%35.6%
Earnings Abnormal Return2.4%-0.4%

Sector Weightings as of 2019-Jun-28

Long Short
Communication Services10.8%-2.6%
Consumer Discretionary13.4%-4.9%
Consumer Staples6.5%0.0%
Energy4.8%-2.8%
Financials14.7%-5.5%
Health Care20.8%-10.1%
Industrials17.8%-8.9%
Information Technology19.6%-6.8%
Materials0.0%-4.1%
Real Estate1.8%-2.6%
Utilities0.0%0.0%
Total Equities110.3%-48.4%

Fund Holdings as of 2019-Jun-28

Long Security NameWeight
Zynex Inc3.3%
GlobalSCAPE Inc3.1%
Bruker Corp2.9%
Viemed Healthcare Inc2.9%
Hershey Co2.8%
Badger Daylighting Ltd2.8%
Chemed Corp2.7%
Napco Security Technologies Inc2.7%
Cincinnati Financial Corp2.7%
Alimentation Couche-Tard Inc2.7%
Starbucks Corp2.7%
Cogeco Communications Inc2.7%
Rent-A-Center Inc2.6%
AGCO Corp2.6%
MSCI Inc2.6%
Prestige Consumer Healthcare I2.6%
Nicolet Bankshares Inc2.6%
Gildan Activewear Inc2.6%
CDW Corp2.5%
Cadence Design Systems Inc2.5%
Parex Resources Inc2.5%
Great Lakes Dredge & Dock Corp2.5%
Incyte Corp2.5%
MasTec Inc2.5%
Tech Data Corp2.5%
Altice USA Inc2.5%
Carlisle Cos Inc2.5%
Masco Corp2.5%
Teradyne Inc2.5%
Avid Technology Inc2.4%
CSX Corp2.4%
Essent Group Ltd2.4%
Dicks Sporting Goods Inc2.4%
Eli Lilly & Co2.4%
Popular Inc2.3%
Cactus Inc2.3%
Nexstar Media Group Inc2.2%
Sinclair Broadcast Group Inc2.2%
Pzena Investment Management Inc2.1%
Foot Locker Inc1.9%
Marcus & Millichap Inc1.8%
Joint Corp/The1.6%
Abercrombie & Fitch Co1.3%
Microsoft Corp1.3%
Facebook Inc1.2%
PepsiCo Inc1.1%

 

Short Security NameWeight
Westport Fuel Systems Inc-2.4%
Pieris Pharmaceuticals Inc-2.3%
Marker Therapeutics Inc-2.3%
Premier Gold Mines Ltd-2.1%
Coeur Mining Inc-2.0%
Del Friscos Restaurant Group-1.9%
Maxar Technologies Inc-1.8%
NN Inc-1.6%
Hill International Inc-1.6%
Enstar Group Ltd-1.6%
Adient PLC-1.6%
RBB Bancorp-1.5%
Deciphera Pharmaceuticals Inc-1.5%
SNC-Lavalin Group Inc-1.5%
Valeura Energy Inc-1.5%
Mr Cooper Group Inc-1.4%
Red Lion Hotels Corp-1.4%
Kala Pharmaceuticals Inc-1.4%
Five Point Holdings LLC-1.3%
NII Holdings Inc-1.3%
Pacific Drilling SA-1.3%
Trinity Place Holdings Inc-1.3%
NETGEAR Inc-1.3%
Applied Optoelectronics Inc-1.3%
Immersion Corp-1.3%
Gaia Inc-1.3%
Mersana Therapeutics Inc-1.2%
Brooks Automation Inc-1.2%
IMV Inc-1.0%
Infinera Corp-1.0%
Senmiao Technology Ltd-1.0%
Cloudera Inc-0.7%
Checkpoint Therapeutics Inc-0.4%