HALCYON POWER INVESTMENT COMPANY is SPRING’s pioneer fund. Launched in February 2004 it was the first industry focused fund in Russia, investing in the Russian utilities sector.

At the start of 2016, the strategy opened up to become a ‘best ideas fund’ investing in debt or equity. Specifically, the fund allocated a significant amount to Ruble debt securities. There are no geographic or sectoral restrictions on the investment activity of the fund. However, the manager expects to invest primarily in securities of the Former Soviet Union. The fund may at times have a high cash level. The manager does not expect to use leverage.

RANKINGS:  

  • #1 in 2016 in the Emerging Markets-Eastern Europe category by BarclayHedge;
  • top performing multi-strategy funds in 2016 by Preqin GLobal Fund Report;
  • #1 among utility funds globally in 2011;
  • The fund’s performance since inception is 77%.