Arrow Hedge Partners Inc. reports that the Arrow Focus Fund is now open and available for new purchases.

The investment objective of the fund is to generate capital appreciation that exceeds the growth rate of major equity indices. The fund generally allocates to five to 10 Arrow underlying funds.

It aims to reduce its volatility by diversification across fund managers, but will be more concentrated than the Arrow Multi-Strategy Fund by investing larger amounts in a smaller number of underlying funds.

The Arrow Focus Fund invests in underlying hedge funds that employ a variety of strategies, including, but not limited to long and short equity, merger arbitrage, high yield securities, convertible bond arbitrage, global macro and equity market neutral.

Arrow Hedge currently manages over $550 million on behalf of Canadian retail and institutional investors.