It is Friday the 13th so of course the market is going to do something nasty – at the time of this post it is down over 1% across the board – yes Scarlett, the market can go down. It feels like it is raining cats and dogs…. Our last post featured a great investor with poor timing but maybe we are finally at what could be at least considered a short term top. The following recent article from Forbes does a nice job of summarizing the big picture macro headwinds – everyone knows these, right, so they must be fully priced in? Maybe or maybe not – at Arrow we are certainly not believers in the efficient market hypothesis in any way. We are so overdue for a decent correction that most people have thrown in the towel on shorting or holding cash. The elevator looks pretty full and it is on the 59th floor. Have a great weekend.
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Minimum Investment When Relying On Accredited Investor Exemption (1)
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.
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