Management

Jim McGovern

Managing Director & CEO

Mr. McGovern founded Arrow Capital Management in 1999, bringing over 25 years of related experience. Previously he was President and Chief Executive Officer at BPI Financial Corporation (Canada), a publicly traded company that he co-founded thirteen years prior and which managed or administered over $6bn. Mr. McGovern is a founding and past Chairman of the Canada National Group of the Alternative Investment Management Association. Mr. McGovern graduated from the University of Toronto with a Bachelor of Commerce and Finance degree. He is active in charitable organizations, including Hedge Funds Care Canada and University Health Network.

Mark Purdy, CFA

Managing Director & CIO

Mr. Purdy serves as Chair of the Investment Committee at Arrow Capital Management. With over 20 years of related experience, Mr. Purdy shares responsibility for fund manager selection and asset allocation process. He has served on Arrow Capital’s Investment Committee since its inception. Mr. Purdy held senior roles at BPI Financial Corporation and IBM Canada Ltd. Mr. Purdy graduated from the University of Toronto with a Bachelor of Commerce and Economics degree. Mr. Purdy is active in Varsity Blues alumni fundraising projects at the University of Toronto and is on the Board of the Ireland Park Foundation.

Robert Maxwell, MBA, CPA, CMA, CAIA

Managing Director, Risk Management & CFO

Mr. Maxwell is Managing Director, Risk Management and Chief Financial Officer. Mr. Maxwell oversees all financial accounting and administrative functions for all Arrow Capital offerings. Over his 22 years of experience, Mr. Maxwell also held financial management roles at BPI Financial Corporation, rising to become Corporate Controller. Mr. Maxwell graduated from Queens University with a Bachelor of Commerce degree and completed his MBA from the University of Toronto.

Frederick Dalley

Managing Director, Portfolio Management

Mr. Dalley is Managing Director of Portfolio Management at Arrow Capital. Bringing more than 30 years of experience to this role, Mr. Dalley is active in the asset allocation process and has served on Arrow’s Investment Committee since its inception. Previously, Mr. Dalley was Executive Vice President of Portfolio Management at BPI Financial Corporation (Canada). There, he led a team of eight investment professionals who directly managed over $3.5bn on behalf of Canadian investors. He graduated from the University of Western Ontario with a Bachelor's degree in Economics. Mr. Dalley is involved with several charities and sits on various non for profit boards.

Mark Kennedy

Managing Director & Chief Compliance Officer

Mark Kennedy is Chief Compliance Officer of Arrow. He joined Arrow in 2010 and has over 15 years’ experience in the investment industry. Prior to joining Arrow, Mr. Kennedy worked for two years as a Compliance Consultant with several hedge funds and private equity firms in London, UK. His experience also includes roles as a Compliance Officer and Business Risk Manager with CIBC Wood Gundy in Toronto. Mark holds a Bachelor of Science Degree from Simon Fraser University and numerous certifications from the Canadian Securities Institute.

Please review the following and click on the "Accept" button to continue into the Arrow Capital web site.

Province Links go to provincial security site.	Minimum Investment When Relying On Accredited Investor Exemption (1)	Minimum Investment  Exemption (2)
Alberta	$25,000	$150,000
British Columbia	$25,000	$150,000
Manitoba	$25,000	$150,000
New Brunswick	$25,000	$150,000
Newfoundland & Labrador	$25,000	$150,000
Northwest Territories	$25,000	$150,000
Nova Scotia	$25,000	$150,000
Nunavut	$25,000	$150,000
Ontario	$25,000	$150,000
P.E.I.	$25,000	$150,000
Quebec	$25,000	$150,000
Saskatchewan	$25,000	$150,000
Yukon	$25,000	$150,000

(1) Accredited Investor Exemption

There is no regulatory minimum purchase amount requirement for investments in a Fund made by investors who qualify under the Accredited Investor Exemption. However, the minimum initial purchase amount established by the Manager for "accredited investors" is $25,000 (or such lesser amount that the Manager may accept from time to time).

The criteria for qualification as an "accredited investor" is defined in National Instrument 45-106 of the Canadian Securities Administrators and is set out in the Subscription Instructions of the Investment Application.

(2) Minimum Amount Exemption (not available to individuals)

The minimum amount for an initial investment in a Fund made by an investor purchasing under the Minimum Amount Exemption is $150,000 in each province and territory.

Disclaimer: Information about the Arrow Capital Management Funds is not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units of the Arrow Capital Management Funds is made pursuant to their respective offering memorandum only to those investors in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about the Arrow Capital Management Funds, including a statement of each fund's fundamental investment objective, is contained in their respective offering memorandum, a copy of which may be obtained from your dealer. Read the applicable offering memorandum carefully before investing. Unit values and investment returns will fluctuate.

Arrow Capital Management Funds are not guaranteed, their values change frequently and past performance may not be repeated.  ™ Arrow, Arrow Capital and Arrow Capital Management are all trademarks of Arrow Capital Management Inc. Experience. Intelligent Investing. is a trademark of Arrow Capital Management Inc. © All documents and information contained on this website are considered to be the copyright material of Arrow Capital Management Inc.

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Management

Terms of Use

(1) Accredited Investor Exemption

(2) Minimum Amount Exemption (not available to individuals)