Helios Offers Small-, Mid-Cap Energy Fund

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...