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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...