Arrow
Global multi-asset
Alternative Fund
Fund Strategy
The Fund seeks to provide capital appreciation through active management of opportunities in global equity, debt, commodity and foreign exchange markets.
Investment Process
Opportunistic Approach
- Not benchmark constrained
- Long and short
Managed Risk Taking
- Low to moderate concentration
- Low to moderate leverage
- Respectful of markets
Investor Profile
- Investors looking for capital appreciation through active investing and trading opportunities.
- Investors looking for generally low levels of correlation and volatility as compared to traditional equity indices.
- Investors looking for absolute return strategies.
Fund Overview
Portfolio Manager Videos
Fund Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.80 | 1.21 | 1.52 | -0.78 | 0.62 | -0.02 | 0.48 | -0.40 | 1.06 | 0.45 | -0.05 | 4.97 | |
| 2023 | -0.43 | -0.69 | -0.12 | 0.22 | -0.10 | -1.25 | -0.02 | -0.10 | 1.02 | 0.58 | -0.91 | 0.48 | -1.32 |
| 2022 | -1.17 | -0.53 | -0.71 | 0.03 | -0.18 | 0.86 | -1.11 | 0.64 | 0.32 | 0.21 | -1.14 | 1.09 | -1.73 |
| 2021 | 1.18 | 2.21 | -0.51 | 0.33 | 0.19 | 0.21 | 0.52 | 0.83 | -1.06 | 0.51 | 0.81 | 0.38 | 5.71 |
| 2020 | 0.60 | 0.98 | 0.82 | 0.34 | 0.26 | 0.43 | 2.14 | 0.64 | 0.01 | -0.24 | 3.25 | 1.48 | 11.20 |
| 2019 | -0.34 | -1.68 | 0.44 | -1.23 | 0.96 | 0.90 | -0.81 | 2.42 | -1.38 | -0.20 | -0.92 | 1.13 | -0.78 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.70 | 1.12 | 1.53 | -0.97 | 0.53 | -0.11 | 0.38 | -0.50 | 0.97 | 0.36 | -0.14 | 3.91 | |
| 2023 | -0.53 | -0.77 | -0.21 | 0.13 | -0.20 | -1.34 | -0.12 | -0.20 | 0.93 | 0.49 | -1.01 | 0.40 | -2.43 |
| 2022 | -1.26 | -0.62 | -0.81 | -0.06 | -0.28 | 0.77 | -1.20 | 0.54 | 0.23 | 0.12 | -1.24 | 1.00 | -2.81 |
| 2021 | 1.10 | 2.13 | -0.61 | 0.27 | 0.11 | 0.10 | 0.45 | 0.77 | -0.73 | 0.50 | 0.46 | 0.40 | 5.04 |
| 2020 | 0.61 | 0.86 | 0.74 | 0.26 | 0.18 | 0.35 | 2.04 | 0.56 | -0.07 | -0.31 | 3.17 | 1.39 | 10.18 |
| 2019 | -0.43 | -1.77 | 0.32 | -1.33 | 0.87 | 0.81 | -0.91 | 2.31 | -1.46 | -0.29 | -1.01 | 1.03 | -1.93 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.73 | 1.16 | 1.58 | -0.92 | 0.58 | -0.07 | 0.45 | -0.40 | 1.06 | 0.42 | -0.06 | 4.60 | |
| 2023 | -0.52 | -0.74 | -0.18 | 0.15 | -0.14 | -1.28 | -0.07 | -0.16 | 0.97 | 0.51 | -0.98 | 0.45 | -2.00 |
| 2022 | -1.26 | -0.62 | -0.84 | -0.08 | -0.29 | 0.74 | -1.24 | 0.53 | 0.15 | 0.11 | -1.24 | 1.06 | -2.98 |
| 2021 | 1.10 | 2.16 | -0.58 | 0.29 | 0.13 | 0.07 | 0.43 | 0.75 | -0.67 | 0.43 | 0.42 | 0.41 | 5.00 |
| 2020 | 0.51 | 0.90 | 0.68 | 0.32 | 0.19 | 0.36 | 2.10 | 0.61 | -0.06 | -0.30 | 3.22 | 1.46 | 10.39 |
| 2019 | 0.40 | -1.29 | 0.94 | 0.91 | -0.83 | 2.38 | -1.41 | -0.25 | -1.01 | 1.09 | 0.86 |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.83 | 1.25 | 1.27 | -0.44 | 0.53 | 0.17 | 0.55 | -0.30 | 1.14 | 0.49 | 0.06 | 5.67 | |
| 2023 | -0.42 | -0.66 | -0.09 | 0.24 | -0.04 | -1.18 | 0.02 | -0.07 | 1.05 | 0.55 | -0.84 | 0.54 | -0.91 |
| 2022 | -1.18 | -0.54 | -0.74 | 0.01 | -0.19 | 0.83 | -1.15 | 0.63 | 0.24 | 0.20 | -1.15 | 1.15 | -1.90 |
| 2021 | 1.18 | 2.24 | -0.49 | 0.37 | 0.21 | 0.16 | 0.51 | 0.81 | -1.15 | 0.54 | 0.71 | 0.40 | 5.59 |
| 2020 | 0.57 | 0.97 | 0.75 | 0.38 | 0.23 | 0.43 | 2.16 | 0.70 | 0.00 | -0.23 | 3.31 | 1.54 | 11.32 |
| 2019 | 0.34 | -1.14 | 1.04 | 0.95 | -0.69 | 2.37 | -1.23 | -0.14 | -0.93 | 1.15 | 1.67 |
Growth of $1,000
Risk Rating
Low
Medium
High
Portfolio Details
Fund Codes
Series A: AHP 5000
Series F: AHP 5010
Series U: AHP 5050 (USD)
Series G: AHP 5055 (USD)
Minimum Investment
$1,000
Management Fee
A/U Class: 1.95%
F/G Class: 0.95%
Performance Fee
15%
Hurdle Rate
5%
Portfolio Advisor
Arrow Capital Management
Registered Plan Eligibility
Eligible
Liquidity
Daily
Custodian
CIBC World Markets Inc.
Valuation Agent
CIBC Mellon Global Securities Services
Auditor
PricewaterhouseCoopers
Administrator
RBC Investor Services Trust
Fund Documents
Investment Managers
Jim McGovern
CEO, Senior Portfolio Manager
Jim McGovern
CEO, Senior Portfolio Manager
FUNDS:
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.
David Page
Portfolio Manager
David Page
Portfolio Manager
David began his career on the sell-side in fixed income trading, progressing through a series of increasingly senior roles in London and Europe before secondment to Toronto, where he was Co-Head of Deutsche Bank’s Canadian global markets division. Transitioning to the buy side, David has subsequently managed a series of absolute return based multi-asset investment mandates for a cross-section of investor types including hedge funds, bank institutional asset managers and public pension plans. Additionally, David has provided advisory services to a cross-section of market participants including regulators, pension plans, hedge funds and impact investing initiatives.
Greg Marshall, MBA
Associate Portfolio Manager, Trader, Macro Analyst
Greg Marshall, MBA
Associate Portfolio Manager, Trader, Macro Analyst
Greg Marshall is a Trader and Macro Analyst at Arrow Capital Management, he joined the firm in 2019. Prior to Arrow Capital, Greg worked for SG Capital Management in Chicago as a trader and investment analyst. Greg earned an MBA from Pepperdine Graziadio School of Business and a Bachelor’s degree in Economics from Connecticut College.
How to Invest
Effective June 25, 2024, Arrow Global Multi-Asset Alternative Class merged into Arrow Global Multi-Asset Alternative Fund as part of the corporate class fund merger. Effective June 15, 2023, the fund was renamed Arrow Global Multi-Asset Alternative Class (formerly Arrow Global Advantage Alternative Class).
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.
For major events that may affect the performance of a fund in the last 10 years, including its participation in an amalgamation or merger with another fund or a change in its investment objectives or portfolio advisor, please refer to the “History of the Fund” section in the fund’s most recently-filed Annual Information Form.