Arrow Hedge Partners is adding two more funds to the lineup of hedge funds it distributes.

Date: Thursday, February 14, 2002

February 14, 2002: Arrow Hedge Partners is adding two more funds to the lineup of hedge funds it distributes. Arrow has signed an exclusive retail agreement to distribute the Arrow Milford Capital Fund, which specializes in high-yield bonds and debt obligations of U.S. and Canadian corporations. The aim of the fund is to produce a high level of income along with potential capital gains by purchasing or short-selling bonds as well as other instruments, such as common shares, options and futures. Arrow is also distributing the Arrow Ascendant Capital Fund, which follows a market-neutral arbitrage strategy covering mergers, special situations and volatility. The funds are open to sophisticated investors who must make a minimum investment of $150,000 except in Alberta, where the minimum is $97,000. The funds are also open to accredited investors in Ontario and B.C. for a minimum investment of $25,000.