Arrow Act II TMT Fund
Fund Price: $11.04 (as at July 23, 2010) 1-week chg: 3.14% YTD: 2.67%
Returns as at June 30, 2010
| Fund | Group Avg | Index* | |
|---|---|---|---|
| 1 Month | -1.60% | -0.72% | -3.71% |
| 3 Months | -5.57% | -2.60% | -5.51% |
| 6 Months | 2.64% | -0.85% | -2.55% |
| 1 Year | 5.58% | 9.26% | 11.95% |
| 2 Year Avg | 2.02% | -7.55% | -8.79% |
| 3 Year Avg | - | -3.38% | -3.88% |
| 4 Year Avg | - | 1.53% | 2.18% |
| 5 Year Avg | - | 5.38% | 5.45% |
| 10 Year Avg | - | 7.36% | 3.27% |
| 15 Year Avg | - | 10.43% | 8.47% |
| 20 Year Avg | - | - | 8.43% |
| Since Inception | 4.78% | - | - |
| 2009 | 2.25% | 24.63% | 35.06% |
| 2008 | 7.08% | -21.42% | -33.00% |
| 2007 | - | 17.88% | 9.83% |
| 3 year risk | - | 25.72 | 21.19 |
| 3 year beta | - | 0.57 | 1.00 |
*S&P/TSX Total Return
Growth of $10,000
Risk Measures as at June 30, 2010
Best/Worst 12 months (since inception)
| Best (ending Feb 09): | 13.78 |  |  |
| Worst (ending Aug 09): | -3.68 |  | |
Volatility meter (Based on 2 year standard deviation from Globefund.com)
Low
High Fund Objectives
The investment objective of the Fund is to seek risk adjusted returns on both the long and short side by investing primarily in companies in the media, entertainment, telecommunications, leisure and internet sectors across all capitalizations globally.
Fund Facts
| Fund Sponsor: | Arrow Hedge Partners Inc. |
| Managed by: | Arrow Hedge Partners Inc. |
| Fund Type: | MF Trust |
| Inception Date: | December 2007 |
| Asset Class: | Alternative Strategies |
| Quartile Rank: | - (3YR ending June 30, 2010) |
| Total Assets: | $6.5 million |
| Mgmt Exp. Ratio (MER): | - |
| Management Fee: | 2.50% |
| Load Type: | Front End |
- Globe 5-Star Rating:
- RRSP Eligible:
- Canadian
- Min. Invest (initial):
- $25,000
- Subsequent:
- $5,000
- Min. Invest (initial RRSP):
- $25,000
- Subsequent RRSP:
- $5,000
- Closed:
- No
- Restricted:
- Yes
- Restriction:
- (Min Initial Investment $25,000); Provincial Accredited Investors rules apply
Asset Allocation
Equity Sector Weightings
Fund Geography
Top Holdings
Distribution Report (18 months up to July 29, 2010)
Frequency of Income Distributions: None
Frequency of Capital Gain Distributions: Annually
| Date | Income Dividend | Capital Gain | Total (Current Period) | Trailing 12-Months Total | Reinvestment Price |
|---|---|---|---|---|---|
| Dec 31, 2009 | 0.1990 | 0.1990 | 0.1990 | 10.750 |
Portfolio Manager(s)
Darren M. Sardoff
Act II Partners LP
Start Date: December, 2007
Fund Return: 4.42%
Darren M. Sardoff has served as a portfolio manager of Act II Management since inception. Prior to joining Act II Management, Mr. Sardoff was an investment banker covering the media and internet industries, with Lehman Brothers and ING Barings, where he served as vice president. Prior to joining Lehman Brothers, Mr. Sardoff served in several managerial roles at Time Warner Inc. Mr. Sardoff began his career with Ernst & Young and is a Certified Public Accountant.
View fund manager performance report
Dennis Leibowitz
Act II Partners LP
Start Date: December, 2007
Fund Return: 4.42%
Dennis Leibowitz: Prior to founding Act II Management, Mr. Dennis Leibowitz was an equity research analyst with Donaldson Lufkin & Jenrette ("DLJ"), and after it was acquired, of Credit Suisse First Boston ("CSFB"), for a combined 25 years from which he retired as a Managing Director Senior Associate and subsequently a consultant to CSFB's Media and Telecom Investment Banking departments. Prior to joining DLJ/CSFB, Mr. Leibowitz was employed in a similar capacity at several other firms, starting at Merrill Lynch & Co., Inc. in 1963.
