Arrow Performance

Fund Strategy 

The Fund seeks to deliver consistent returns by investing in a concentrated portfolio of Canadian equity securities chosen from those industries that management believes offers the best opportunity for profitable returns at each stage of the economic and market cycle.

Investment Process

The Fund invests in companies with proven management ability, well-defined growth strategies and distinct competitive advantages. Management also looks for event-driven trading opportunities to augment returns. The manager has the flexibility to vary market exposure to mitigate risk.

Investor Profile

  • Investors looking for capital appreciation through active management of an equity portfolio.
  • Investors looking to invest in companies with proven management teams, strong cash flows and earnings growth.
  • Investors who wish their portfolios to respond to varying market conditions.
  • Investors able to accept a moderate level of risk.

Monthly Commentaries

December 2018
November 2018
October 2018




 

 

Portfolio Managers

Veronika Hirsch
Portfolio Manager

Ahson Mirza, CFA
Portfolio Manager

How to Invest

Alternative Solutions

Fund Overview

Fund Overview: 

Fund Overview

Fund Performance

Fund Performance: 
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 0.98 - - - - - - - - - - - 0.98
2018 1.86 -2.42 -0.40 0.00 2.03 -0.20 -0.60 1.76 -1.17 -4.99 -1.09 -0.05 -5.34
2017 0.51 0.85 0.65 2.14 2.09 -1.19 0.34 1.13 1.83 4.69 1.35 0.18 15.43
2016 -4.91 -2.41 4.10 -0.73 1.96 -0.73 4.05 2.04 -0.16 -0.23 0.38 0.96 4.02
2015 0.34 4.77 1.29 -1.97 2.96 -0.28 2.65 -3.52 -1.32 0.44 3.44 -1.23 7.48
2014 -0.94 3.82 1.76 1.65 1.71 2.68 0.01 1.66 -1.73 1.54 1.61 -0.64 13.79
2013 3.98 1.66 1.77 1.31 0.90 -0.51 1.61 1.17 1.74 3.75 3.33 2.86 26.18
2012 2.01 1.26 -2.56 -0.97 -3.94 0.63 1.17 1.71 3.77 0.83 -0.92 0.95 3.74
2011 -0.86 3.33 -2.64 -0.57 -0.44 -2.65 1.26 -3.91 -6.89 6.47 0.30 -0.50 -7.47
2010 -5.48 5.36 3.73 2.10 -3.85 -1.80 2.97 4.38 3.54 2.65 4.37 1.17 20.14
2009 0.38 -1.83 2.19 2.29 5.54 -0.05 0.07 1.43 4.44 -0.33 4.99 4.14 25.53
2008 -7.41 5.89 -4.75 0.21 3.42 0.57 -7.81 -1.57 -13.24 -11.75 -1.94 1.57 -32.65
2007 1.85 4.09 -0.13 4.62 0.53 -0.24 1.06 -3.82 3.86 4.12 -4.82 1.62 12.95
2006 4.57 -1.31 4.04 2.34 -3.64 -2.52 1.08 1.83 -3.56 3.19 2.15 1.41 9.53
2005 1.00 4.20 -1.45 -2.07 0.94 1.64 3.58 0.73 3.88 -5.36 3.67 3.29 14.45
2004 2.41 4.15 -1.13 -1.73 -0.10 0.70 -1.42 -0.92 2.82 1.04 3.23 2.67 12.13
2003 1.12 0.16 -2.30 0.59 3.59 2.20 2.93 4.55 1.77 7.89 1.96 3.43 31.32
2002 0.62 1.74 8.11 -0.04 6.69 -3.17 -8.75 4.61 -1.68 -0.30 0.27 3.30 10.75
2001 1.66 -0.12 3.30 4.17 3.10 -0.29 1.54 -0.32 -1.78 0.52 1.70 3.58 18.22
2000 4.89 23.19 -8.07 -7.35 -2.15 8.53 2.21 8.05 -4.34 -7.73 -0.76 1.27 14.50
1999 5.77 -8.94 6.20 7.36 -4.26 5.62 4.24 2.46 -3.69 5.55 12.01 13.04 52.64
1998 0.55 1.94 5.17 2.06 -1.65 -1.87 -3.62 -12.94 -0.41 2.51 1.18 0.41 -7.59
1997 - - - - - - - - 3.60 -0.44 -6.23 2.27 -1.09

Growth of $100,000

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Risk Bar Description: 
Risk Rating

Portfolio Details

Fund Code
A Class: AHP 500
F Class: AHP 508

Management Fee
A Class: 1.00%
F Class: 1.00%

Performance Fee
20% above 5% net

Purchases
Weekly

Liquidity
Weekly

Prime Broker
BMO Nesbitt Burns

Auditor
Grant Thornton

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, 2019

On January 1, 2018, the name of the Fund was changed from the Hirsch Performance Fund to the Arrow Performance Fund.

On July 1, 2016, the Fund began offering Class F units. Returns prior to July 1, 2016 reflect Class A units. The fees for the Class A and Class F units are the same.

On January 1, 2011, the Fund changed its performance fee calculation methodology from a unitholder level to a fund level. Prior to January 1, 2011, performance numbers for the Fund represented the hypothetical returns of a unitholder as if the unitholder had invested on the first day of the Fund’s operations with all distributions reinvested in the Fund and after deductions for performance fees, management fees and operating expenses. Starting on January 1, 2011 performance numbers for periods greater than one year are the compounded annualized returns and are calculated based on the last official monthly valuation, net of fees.

Fund inception date is September 11, 1997.

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 A 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.