Arrow Hedge Partners Inc. today announced the launch of the Arrow Enhanced Income Fund, the newest addition to the fund of funds line up.

The Arrow Enhanced Income Fund provides high net worth sophisticated investors and institutional investors with access to a broadly diversified portfolio of hedge funds diversified by manager, investment style, and regional focus.

The new fund currently allocates to 10 single hedge fund managers which encompass five different investment styles focused around hedged credit and fixed income strategies. The fund’s investment objective is to provide a stable income stream and potential capital gains with low volatility. The Fund is expected to have a low correlation to major bond and credit market indices. The fund will have a monthly distribution of 4¢ per unit.

“This newest offering further enhances our product line so that high net worth and institutional investors can select from Arrow Hedge Single or Multi-Manager Funds that are simply constructed with high levels of transparency and liquidity. They are tax efficient, and above all, target outperformance with lower volatility than their corresponding benchmarks,” said Jim McGovern, Managing Director and CEO of Arrow Hedge Partners Inc.