Arrow Hedge Partners Inc. today announced it is closing the Arrow Goodwood Fund to further direct purchases, effective August 12.

The fund is advised by Goodwood Inc, which is an asset management company based in Toronto.

Arrow says the fund is closing to new investment because it has reached $85 million in assets, which was the capacity arrangement agreed upon by Arrow and Goodwood.

After August 12, the Arrow Goodwood Fund will only be available through Arrow Hedge’s fund of funds products: the Arrow Multi-Strategy Fund and the Arrow Global Equity Long/Short Fund.

The fund’s investment objective is to maximize returns through the purchase and short sale of primarily Canadian and U.S. listed equity securities.