TORONTO, Aug. 19 /CNW/ - Accelerator Capital Fund Inc. ("Accelerator"),
the hedge fund incubator launched in January of this year, is pleased to
announce that it has made its first two investments totaling USD $40,000,000
in funds managed by two Canadian investment managers. Accelerator is seeding
hedge funds newly launched by Epic Capital Management Inc. ("Epic") and
Burlington Capital Management Ltd. ("Burlington"). Accelerator will invest
$20,000,000 in the Epic Energy Fund Inc., a long/short equity fund focused on
the energy sector. Accelerator will also invest $20,000,000 in the Burlington
Partners Offshore Fund Ltd., a long/short equity fund focused on North
American equities. Both funds will be marketed to offshore investors only.
Founded in 2000, Epic is a long/short equity manager that manages in
excess of $250 million for high net worth and institutional clients.
David Fawcett is the CEO and CIO of the Epic team, and he has over 7 years
experience in the investment management field. Prior to starting Epic, David
was a research analyst at two major securities dealers covering Canadian oil
and gas companies. He is recognized as one of Canada's leading energy
investors. "We think the longer term outlook for the energy sector continues
to be strong despite a near term cyclical reversal. We believe this to be an
excellent time to be launching this fund," said Colin Jang, President of Epic.
"We're extremely pleased to be partnering with Accelerator on this fund and to
be one of the first managers selected by Accelerator."
Burlington was founded in 2004 by Allan Brown and Geoff Barth. Burlington
employs a multi-sector long/short equity strategy with a market neutral bias
and has assets under management in excess of $70 million. Allan and Geoff have
over 24 years combined experience managing portfolios at leading fund
management companies. They have worked as an investment team since 1995 and at
one point managed approximately $6 Billion for a large Canadian mutual fund
company. "We look forward to working with Accelerator in bringing our fund to
offshore investors, and appreciate Accelerator's significant commitment to our
strategy and firm," commented Rob Duncan, Managing Director at Burlington.
Peter Rizakos, President of Accelerator said "We're excited to be making
our first investments with such talented and disciplined management teams. The
principals of both Epic and Burlington have a history of providing strong
absolute returns in good and bad markets. These funds will provide
Accelerator's investors with a strong base to build from as we add additional
funds and managers."
About Accelerator Capital Fund Inc.
Accelerator provides seed capital together with capital raising,
operational and risk management support to early-stage hedge funds.
Accelerator seeks out hedge funds that utilize a variety of alternative
investment strategies, including long/short equity, relative value, event
driven and global macro. Accelerator's investors include a major Canadian
bank, a pension fund and a wealth management firm on behalf of some of its
individual high net worth investors. Accelerator's manager, Accelerator
Capital Management Inc., is owned equally by Arrow Hedge Partners Inc. and
Marret Asset Management Inc., both of Toronto.
For further information:
For further information: Peter Rizakos, President, Accelerator Capital
Management Inc., (416) 847-3987, firstname.lastname@example.org