Arrow Hedge Partners Inc. today announced the launch of the Arrow Multi-Strategy Notes, Series 6 and the Arrow Global Equity Long/Short Notes, Series 1.

Arrow Hedge says the notes provide investors with the upside potential of two fund of funds portfolios, with managers selected by Arrow Hedge, combined with the security of principal repayment guarantee at maturity, from BNP Paribas S.A.

The Arrow Multi-Strategy Notes, Series 6 has an annual absolute return objective of 7-9%, after all fees. The underlying fund is designed to deliver consistent monthly returns regardless of market conditions, with low volatility, and low correlation to traditional stock and bond markets. Note holders also benefit from style and global diversification through one investment vehicle. The Multi-Strategy product offers a fully diversified pool of 20-25 hedge fund managers across proven investment strategies.

Arrow Hedge says the success of previous Arrow Multi-Strategy Note offerings has led to the demand for an equity long/short alternative. The launch of the Arrow Global Equity Long/Short Notes, Series 1 marks the first time in Canada that a guaranteed note product has been offered that is linked exclusively to a diversified portfolio of equity long/short hedge fund managers.

The underlying fund is a well-diversified pool of 13 equity long/short hedge fund managers, has a return objective to outperform the MSCI World Equity Index over a market cycle, but with half of the volatility. The underlying fund is global with managers based in Toronto, New York, Chicago, London, Hong Kong, Sydney and elsewhere.

Investors in either note will have the assurance of guaranteed principal repayment, the benefit of consistent return potential through two well-diversified funds of hedge funds, and comprehensive risk management from an industry leader. Both products are available with a low minimum investment of $5,000 that is tax efficient and fully RRSP eligible.

Both offerings will only be available for purchase now through March 24.