Chow groups and pseudoeffective cones of complexity one $T$-varieties

Abstract: We show that the pseudoeffective cone of $k$-cycles on a complete complexity one $T$-variety is rational polyhedral for any $k$, generated by classes of $T$-invariant subvarieties. When $X$ is also rational, we give a presentation of the Chow groups of $X$ in terms of generators and relations, coming from the combinatorial data defining $X$ as a $T$-variety.