CALGARY, April 30, 2019 /CNW/ - Accelerate Financial Technologies Inc. ("Accelerate") is pleased to announce that it has set May 10th, 2019, as the listing date for its initial suite of exchange traded alternative funds (the "Funds") that will trade on the Toronto Stock Exchange.
"On May 10th, we are bringing to the market a brand new asset class." said Julian Klymochko, Founder and CEO of Accelerate. "Accelerate's Funds are the first of their kind – institutional-quality long-short equity hedge funds that trade as ETFs. We're leveling the playing field by offering performance-oriented alternative strategies, which had previously been reserved for institutions and the wealthy, to all investors. Plus, we're excited to offer the first alternative ETFs with a 0% management fee, aligning investor and manager interests for the first time."
The Accelerate Funds will include a 0% management fee and the Funds will only earn a performance fee if they outperform their high-water mark.
"We're relentlessly bringing much needed innovation to the investment management sector. We'll continue to not only bring new innovative investment strategies to the marketplace, but also enlighten investors with thought-leading securities research and analytics, as we seek to become the leader in exchange traded alternative funds."
The Funds launching on May 10th include:
- Accelerate Absolute Return Hedge Fund (TSX: HDGE) – a diversified, liquid, and performance-oriented long-short equity hedge fund that seeks to achieve long-term capital appreciation and a superior risk-adjusted return relative to the broader U.S. equity market.
- Accelerate Enhanced Benchmark Alternative Fund (TSX: ATSX) – combines exposure to the S&P/TSX 60 plus a long-short Canadian equity overlay designed to add incremental performance above the broad Canadian equity index.
- Accelerate Private Equity Alpha Fund (TSX: ALFA) – designed to provide investors with private equity-like investment returns through a diversified long-short portfolio of equity and derivative securities.
About Accelerate Financial Technologies Inc.
Accelerate is leading innovation in financial services, developing a suite of exchange-traded hedge funds and alternative strategies for investors seeking long-term performance. Accelerate was established by a team with a track record of successfully managing award-winning hedge funds and is disrupting the asset management industry by offering institutional-caliber investment strategies previously reserved for wealthy investors at a fee significantly lower than competitors.
Accelerate: Because Performance Matters. Find out more at www.AccelerateShares.com
SOURCE Accelerate Financial Technologies Inc.
For further information: Contact Accelerate at 1-855-892-0740 or [email protected]