Accelerate Financial Technologies (Accelerate) has filed a preliminary prospectus for its initial suite of exchange traded alternative funds that will trade on the Toronto Stock Exchange.
“Recent regulatory changes have allowed Accelerate to bring to the market a brand-new asset class – Exchange Traded Alternative Funds,” says Julian Klymochko, Founder and CEO of Accelerate. “We are excited to bring unconstrained access to performance-oriented hedge funds and private equity strategies in a low-cost, easy to use, liquid and transparent ETF structure.”
The Accelerate Funds will include a 0 per cent management fee and the funds will only earn a performance fee if they outperform their high-water mark.
“Accelerate is focused on bringing much needed innovation to the investment management sector by offering performance-oriented investment strategies with fee structures that align our interests with investors. We look forward to bringing additional innovative investment strategies to the marketplace as we seek to become the leader in exchange traded alternative funds.”
The initial suite of funds includes:
• Accelerate Absolute Return Hedge Fund (TSX: HDGE) – a systematic long-short North American equity strategy that seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader Canadian equity market.
• Accelerate Enhanced Benchmark Alternative Fund (TSX: ATSX) – a long-short Canadian equity strategy that seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader Canadian equity market.
• Accelerate Private Equity Alpha Fund (TSX: ALFA) – a systematic long-short North American equity strategy that seeks to replicate private equity returns utilising liquid public securities.