Canada's Arrow Hedge Partners plans to close its long/short fund to new investors in August. The fund, which has C$85 million under management, will no longer be available to direct investors. However, the fund will still be accessible indirectly through the firm's fund of funds, which is known as the Arrow Multi-Strategy Fund.
Firm CEO Jim McGovern said the size of the fund is being limited to ensure future returns remain strong. The long/short fund invests primarily in large and mid-cap equities in Canada and the United States.