Tuesday, 21 April 2015
Last updated 2 hours ago
Jan 14 2011 | 11:11am ET
Helios Advisors has launched a new energy hedge fund focused on small- and mid-cap companies.
The Helios Energy Hedge Fund debuted late last year with $10 million in initial assets, HFMWeek reports. The long-biased equity long/short fund currently has 16 longs and three shorts in its book, but plans to increase those numbers to 20 and five as assets grow.
Speaking of which, the new fund is expected to have $30 million in assets by the end of the month. It has a capacity of $1 billion.
To helm the new offering, Helios hired Jason Selch as portfolio manager. Selch joins the firm after 15 years in the small- and mid-cap energy space, working for such players as the Acorn Funds and billionaire Sam Zell.
"I see tremendous opportunities as a result of technological changes that have made shale gas feasible in North America that can be applied overseas and will improve productivity in oil reservoirs," Selch told HFMWeek.
Helios Energy charges 1.5% for management and 20% for performance with a $1 million minimum investment. It boasts two prime brokers: Goldman Sachs and Conifer Securities.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…