wavefront all-weather Alternative fund
waav
Fund Strategy
The Fund seeks long-term growth uncorrelated to traditional equity and fixed income market returns.
Investment Process
A research driven approach to quantitative multi-asset allocation. The strategy will utilize WaveFront Global Asset Management’s robust research capabilities to create an optimal assembly of core asset classes overlayed with exposure to unique high return opportunities. A dynamic risk parity framework is employed seeking to maximize portfolio diversification and minimize portfolio volatility.
Investor Profile
- Investors seeking to stabilize overall portfolio capital
- Investors looking to own an investment uncorrelated to traditional asset classes
- Investors who wish to access returns from wide markets outside of traditional stocks and bonds alone
Fund Overview
Fund Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.96 | -0.60 | -0.35 | -2.40 | 0.88 | 1.33 | 0.44 | 2.18 | |||||
| 2024 | -0.17 | 1.80 | 4.36 | -0.76 | 0.65 | 1.40 | 2.75 | 0.11 | 4.34 | -1.90 | 0.53 | -0.07 | 13.61 |
| 2023 | 4.89 | -2.72 | 1.76 | 1.80 | -1.50 | -0.64 | 1.01 | -3.33 | -5.03 | -1.14 | 4.06 | 4.52 | 3.16 |
| 2022 | -3.36 | 4.44 | 3.41 | 0.48 | -4.42 | -2.41 | 0.25 | 0.34 | -2.27 | -3.83 | 3.26 | -2.61 | -6.99 |
| 2021 | 0.03 | -0.25 | -2.65 | 2.48 | 3.29 | -1.09 | 1.04 | 0.34 | -0.94 | 4.35 | -2.35 | 1.96 | 6.11 |
| 2020 | 5.16 | 1.81 | 6.72 | 4.72 | -0.92 | 1.24 | 8.23 | -0.58 | -4.36 | -0.82 | 0.65 | 4.53 | 28.89 |
| 2019 | 0.46 | 0.46 |
growth of $1,000
*The Blended Benchmark Consists of 20% SG CTA PR USD, 20% iShares MSCI ACWI ETF, 20% S&P GSCI Precious Metal TR, 20% Morningstar Canada REIT GR USD, 20% iShares 20+ Yr Treasury Bond ETF
Risk Rating
Low
Medium
High
Portfolio Details
Fund Codes
Series AD: AHP 3205
Series FD: AHP 3215
Minimum Investment
$1,000
Management Fee
Series AD: 1.95%
Series FD: 0.95%
Portfolio Advisor
Arrow Capital Management Inc.
Performance Fee
15%
Hurdle Rate
3%
High Water Mark
Perpetual, based on the highest calendar year-end adjusted NAV
Liquidity
Daily
Short term redemption charge
2% of NAV within the first 90 days
Investment Sub-Advisor
WaveFront Global Asset Management Corp
Registered Plan Eligibility
Eligible
Administrator
RBC Investor Services Trust
Auditor
PricewaterhouseCoopers
Custodian
CIBC World Markets
Valuation Agent
CIBC Mellon Trust Company
Manager & Promoter
Arrow Capital Management Inc.
Sub-advisor
Roland Austrup
Chairman & Managing Principal, WaveFront Global Asset Management
Roland Austrup
Chairman & Managing Principal, WaveFront Global Asset Management
Mr. Austrup brings over 25 years of experience in the investment industry to his roles as Chairman & Managing Principal of WaveFront Global Asset Management. Responsible for strategic planning, development and enhancement of the trading programs, Mr. Austrup is registered with the Commodity Futures Trading Commission in the United States and with the OSC. Mr. Austrup is an Associate Member of the National Futures Association and a member of the Managed Funds Association. He is Director of the Master of Quantitative Finance program at the University of Waterloo. Mr. Austrup graduated with honours with a BA from the University of Western Ontario.
Robert Koloshuk, CIM
Chief Investment Officer & Managing Principal, WaveFront Global Asset Management
Robert Koloshuk, CIM
Chief Investment Officer & Managing Principal, WaveFront Global Asset Management
Robert Koloshuk currently serves as WaveFront’s Chief Investment Officer and Managing Principal, leading the firm’s investment strategy, research, and trading operations. Mr. Koloshuk brings over 20 years of capital markets experience spanning trading, derivatives strategy, and portfolio construction. From 2016 to 2021, he directed WaveFront’s beta replication team, managing more than $2B in equity and fixed income derivative exposures for unit-linked life insurance portfolios, and advised on index futures deployment for one of Canada’s largest insurance companies.
Prior to 2016, Mr. Koloshuk spent over a decade as Senior Strategist and Director of Trading at Integrated Managed Futures Corp., where he helped design the firm’s research and trading infrastructure.
Mr. Koloshuk is registered with both the CFTC and OSC and has also built WaveFront’s proprietary OMS/EMS and data infrastructure. He brings a distinctive combination of strategic leadership, quantitative expertise, and technological innovation to WaveFront’s investment programs.
How to Invest
Effective January 2, 2025, WaveFront All-Weather Fund, LP (“the “LP”) was merged into WaveFront All-Weather Alternative Fund. Prior to the merger, the LP was distributed to investors on a prospectus-exempt basis in accordance with National Instrument 45-106 and was not a reporting issuer from its inception on November 1, 2019 until the merger. Financial statements of the LP are posted on Arrow’s website and are available to investors upon request.
Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all dividends/distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values or returns on investment in an investment fund.
The “Growth of $1,000” chart shows the final value of a hypothetical $1,000 investment in securities in this class/series of the fund as at the end of the investment period indicated and is not intended to reflect future values or returns on investment in such securities.
The risk level of a fund has been determined in accordance with a standardized risk classification methodology in National Instrument 81-102, that is based on the fund’s historical volatility as measured by the 10-year standard deviation of the fund’s returns. Where a fund has offered securities to the public for less than 10 years, the standardized methodology requires that the standard deviation of a reference mutual fund or index that reasonably approximates the fund’s standard deviation be used to determine the fund’s risk rating. Please note that historical performance may not be indicative of future returns and a fund’s historical volatility may not be indicative of future volatility.
This information on this document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or an offer or a solicitation to buy or sell securities. Every effort has been made to ensure that the material contained herein is accurate at the time of publication. Market conditions may change which may impact the information contained in this document.