Bailey McCann, Opalesque, New York:
The Swiss-based Helium Special Situations Fund has reported a strong first half of 2012. The fund is reporting a monthly gain of slightly over 3% and year-to-date gains of over 14%, according to sources familiar with the firm. The Fund was launched 31 July 2006, and has had previous yearly performance over 100%.
Performance was positive nearly every month of this year, with a slight dip in May. Performance since inception has been 152.52% (GBP class). With a rate of return annualized of 16.95%. The fund relies on an Event Driven strategy that has so far outperformed current Event Driven benchmarks including the HFRX Event Driven Index and AIM100 Index at +2.99% and -2.87% respectively.
The fund is part of ISPartners Investment Solutions AG (ISPartners) based in Switzerland. ISPartners is an independent company dedicated to alternative asset management and absolute-return strategies. According to the firm's website, the company’s focus is to provide a platform for single manager (hedge) funds as well as funds of hedge funds, and to facilitate investments in the universe of alternative investments.
The fund owes the strong showing to consistently positive news from the companies that make up the portfolio across all classes - GBP, EUR and CHF. Although it did note that the current macroeconomic conditions throughout the eurozone remain challenging. The fund has some of its largest positions in health care, pharma and biop......................
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