ARROW REBRANDS FUNDS

In a move to communicate its offerings more directly, Arrow renames its funds and fund families.

TORONTO, Nov. 1 /CNW/ - Arrow Hedge Partners Inc. today announced a new marketing strategy for its funds and fund families, showcasing the range and specific makeup of its investment solutions. The changes include new fund names designed to highlight the portfolio management firm running the funds, and an overall re-categorization of the funds to better identify their primary focus.

The Arrow Hedge offering consists of four principal funds that use a fund of hedge funds approach to investing and 14 single-manager hedge funds that invest following specialized investment mandates.

"The new categories and names better reflect Arrow's business activity," said James McGovern, Managing Director and Chief Executive Officer of Arrow Hedge Partners Inc.

Arrow's funds will now be classified under four categories. Funds of hedge funds will be included in the "Portfolio Series," while single-manager hedge funds will be grouped under the "Global Series," "North American Series" and "Income Series."

    
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    Old Fund of Funds Name  New Name     Category   Description
    -------------------------------------------------------------------------
    Arrow Multi-Strategy    Arrow        Portfolio  Diversified Multi-
                            Diversified  Series     Strategy
    -------------------------------------------------------------------------
    Arrow Maple Leaf        Arrow Maple  Portfolio  Canadian Multi-Strategy
    Canadian                Leaf         Series
                            Canadian
    -------------------------------------------------------------------------
    Arrow Focus             Arrow Focus  Portfolio  Concentrated Global
                                         Series
    -------------------------------------------------------------------------
    Arrow Enhanced Income   Arrow        Portfolio  Diversified Fixed Income
                            Enhanced     Series
                            Income
    -------------------------------------------------------------------------
    Old Single-Manager Name  New Name     Category   Asset Allocation
    -------------------------------------------------------------------------
    Arrow 360 Global         360 Global   Global     Long/Short Equity
    Long/Short                            Series
    -------------------------------------------------------------------------
    Arrow Enso Global        Enso Global  Global     Long/Short Equity
                                          Series
    -------------------------------------------------------------------------
    Arrow Act II TMT         Act II       North      Long/Short Equity
                             New Media    American
                                          Series
    -------------------------------------------------------------------------
    Arrow AFC Capital        AFC Capital  North      Equity Market Neutral
                                          American   Pairs
                                          Series
    -------------------------------------------------------------------------
    Arrow Burlington         Burlington   North      Long/Short Equity
    Capital                  Capital      American
                                          Series
    -------------------------------------------------------------------------
    Arrow Curvature Market   Curvature    North      Equity Market Neutral
    Neutral                  Market       American
                             Neutral      Series
    -------------------------------------------------------------------------
    Arrow Distressed         Distressed   North      Distressed Securities
    Securities               Securities   American
                                          Series
    -------------------------------------------------------------------------
    Arrow Goodwood           Goodwood     North      Long/Short Equity
                             Value        American
                                          Series
    -------------------------------------------------------------------------
    Arrow JC Clark           JC Clark     North      Long/Short Equity
    Opportunities            Opportuni-   American
                             ties         Series
    -------------------------------------------------------------------------
    Arrow RCM Special        RCM          North      Special Situations
    Situations               Opportuni-   American
                             ties         Series
    -------------------------------------------------------------------------
    Arrow Tetra US           Tetra US     North      Long/Short Equity
    Long/Short               Long/Short   American
                                          Series
    -------------------------------------------------------------------------
    Arrow High Yield         Arrow High   Income     High-Yield Bonds
                             Yield        Series
    -------------------------------------------------------------------------
    Arrow Marret Resource    Marret       Income     High-Yield Bonds
    Yield                    Resource     Series
                             Yield
    -------------------------------------------------------------------------
    Arrow US Equity Income   COR US       Income     High-Yield Equity
                             Equity       Series
                             Income
    -------------------------------------------------------------------------
    

The Portfolio Series includes four multi-manager funds. Each one is constructed and managed to provide stable long-term results and to preserve capital in down markets. Arrow's flagship fund, Arrow Multi-Strategy Fund, launched January 1, 2002, has been renamed Arrow Diversified Fund. The Fund is a globally diversified portfolio that comprises 25 to 30 hedge funds across four broad strategies; offers full position-level transparency; and is fully hedged back to Canadian dollars to mitigate currency risk.

Most of the single-manager fund names have been simplified by removing the "Arrow" designation. "We wanted to showcase these managers' independence and distinct investment styles," said Mark Purdy, Managing Director and Chief Investment Officer of Arrow Hedge Partners Inc. "All our single managers are held to Arrow's conservative risk exposure limits: low leverage, high liquidity and 100% position-level transparency. All have been carefully selected based on their credentials, track record and area of expertise. Accredited investors can access these specific strategies directly to fit their own risk tolerance."

Investors are invited to further explore these funds and Arrow's diverse range of single-manager strategies by visiting Arrow's website or contacting their investment advisors.

About Arrow Hedge Partners Inc.

Arrow Hedge Partners Inc. is an investment management company that specializes in providing access to high-quality hedge fund managers and multi-manager funds of funds to a wide range of clients, including family offices, institutions, pension funds and high net-worth individuals. Arrow Hedge Partners Inc. is a member of AIMA (Alternative Investment Management Association) and is a substantial co-investor in its own funds. Arrow Hedge Partners Inc. is headquartered in Toronto, Canada, with sales offices in Vancouver, Calgary and Geneva. Arrow Hedge currently manages over CDN$850 million on behalf of high net-worth and institutional investors globally.

For further information: Arrow Hedge Partners Inc., Jim McGovern, [phone] ext 222, [email protected]; Mark Purdy, [phone] ext 223, [email protected]