Curvature Market Neutral Fund


Fund Strategy

The Fund seeks to maximize returns while remaining neutral to market exposure and providing downside protection through fundamental, systematic and event driven sub-strategies.


Investment Process

The Fund employs a multi-strategy approach to investing in equity and equity-linked securities of small and mid-cap companies, primarily in Canada and the United States. The Fund invests in event driven opportunities, adjusting dynamically to market changes. The Fund also will buy quality companies with reasonable valuations going through fundamental positive change and sell short lower quality companies with high valuations in the midst of negative fundamental change.


Investor Profile

  • Investors seeking a market neutral strategy with low correlation, above-average growth potential and moderate volatility.
  • Investors looking to complement long-only Canadian equity fund or index exchange-traded funds (ETFs).

Portfolio Manager Videos

Curvature Market Neutral Fund Video

March 04, 2013


Monthly Commentaries

 

Portfolio Managers

image for James Hodgins, CFA

James Hodgins, CFA

Chief Investment Officer, CHS Asset Management
image for Geoff Phipps, CFA

Geoff Phipps, CFA

Co-Founder, Portfolio Manager & Head of Event Driven Strategies, CHS Asset Management

How to Invest

Alternative Solutions

Fund Overview

Fund Overview: 

Fund Performance

Fund Performance: 
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2017 -0.35 1.24 0.12 -0.58 1.04 - - - - - - - -
2016 2.01 -0.04 0.01 0.07 0.57 -0.64 0.19 0.21 1.51 1.55 -3.20 -0.94 1.21
2015 2.05 0.91 3.71 -1.23 0.52 -1.04 1.04 -0.46 0.94 -0.49 1.34 0.86 8.35
2014 0.92 1.25 -1.05 0.22 0.37 1.81 2.25 -2.12 0.46 0.20 2.43 -0.13 6.69
2013 -0.21 1.98 0.94 0.40 -0.12 0.84 1.26 -0.02 -0.21 0.66 1.78 1.28 8.89
2012 -0.76 1.06 1.46 1.80 1.31 -0.34 1.55 0.06 1.28 0.72 0.71 -0.86 8.24
2011 1.40 1.82 -0.01 0.16 0.21 0.79 1.18 1.29 0.65 -1.27 1.07 -0.08 7.39
2010 2.29 0.76 0.46 -0.72 -1.26 1.80 -0.78 0.73 -1.67 1.75 0.53 4.06 8.08
2009 - - - - - - - -0.37 -2.95 3.07 0.33 0.10 0.09

Growth of $100,000

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Risk Bar Description: 
Risk Rating

Portfolio Details

Fund Codes
A Class: AHP 520
F Class: AHP 528


Management Fee
A Class: 2.5%
F Class: 1.5%


Incentive Fee/Allocation
20%


Purchases
Weekly

Liquidity
Monthly with 20 business days notice


Prime Broker
Scotia Capital


Auditor
PricewaterhouseCoopers


Administrator
RBC Investor & Treasury Services


^ Minimum Investment for accredited investors is $25,000
^ Minimum Investment for non-accredited corporate purchases is $150,000

 

Source: Arrow Capital Management Inc./Morningstar, 2016

From August 1, 2009 to April 30, 2010, returns are for the Arrow C Multi-Strategy Fund (Class X), are adjusted to reflect Class F fees. In May 2010 the trust for Curvature Market Neutral Fund was created and the assets from the Arrow C Multi-Strategy Fund were transferred to the new trust. Both funds are managed with the same investment mandate by CHS Asset Management.

Fund inception date is April 1, 2009.

Commissions, trailing commissions, management, performance and other fees may be associated with this investment. Investors should read the offering memorandum before investing. Unless otherwise stipulated returns are for Class F units in Canadian funds. Except as otherwise noted returns are historical compounded total returns including changes in the unit value and reinvestment of all dividends or distributions and do not take into account the sales, redemption, distributions or optional charges or income tax payable by the investor that may affect the compound growth rate and are not intended to reflect the future value of the fund. Past performance may not be repeated.  Offering of units in this fund are made pursuant to the Confidential Offering Memorandum (OM) only to those investors who meet certain eligibility or minimum purchase requirements. Important information, including this fund’s fundamental investment objective is contained in the OM which may be obtained from Arrow Capital Management Inc.