Arrow launches two new notes

Date: Tuesday, January 11, 2005

Arrow Hedge Partners has launched two principal-protected notes linked to the Arrow Multi-Strategy Hedge Fund and the Arrow Global Long/Short Hedge Fund. Both offerings will be available for purchase up to March 24, 2005. The Arrow Multi-Strategy Notes, Series 6 offers a fully diversified pool of 20 to 25 hedge fund managers and has an annual absolute return objective of 7 to 9%, after fees. The Arrow Global Equity Long/Short Notes, Series 1 is linked to a pool of 13 equity long/short hedge fund managers, with a goal of beating the MSCI World Equity Index over a market cycle, but with half of the volatility. Both products are available for a minimum investment of $5,000 that is tax efficient and fully RRSP eligible.