About us
Halcyon Portfolio Management is one of the longest running, continuously operating investment firms specialising in public equity investments in Russia and neighbouring countries
Our Story
1
2003
David Herne founded Halcyon Power Investment Company, private equity investments in Russian businesses related to electricity. The team began to coalesce.
2
2009
Building on the success of the first fund and subsequent listed equity funds, we expanded our investment activity to cover the entire equity markets of Russia and its neighbours.
3
2018
In October 2018 we merged with Verno's public equities business, forming one of the largest equity managers in Russia.
4
Present
Today Halcyon Portfolio Management is a part of Halcyon Global Opportunities, a group managing investments in listed equities, sustainable energy, real estate and decentralised ledger-based assets.
Our Name
Why Halcyon?
Halcyon is a part of the Greek myth of Alcyone and Ceyx. When the Halcyon birds nested and soared over the sea, waves calmed and sailors rejoiced, "Halcyon days are here!".

Just as the Halcyon birds helped sailors to handle the raging waters, Halcyon Portfolio Management strives to navigate its investors through turbulent, sometimes rough markets.
Our Name
Why Halcyon?
Halcyon is a part of the Greek myth of Alcyone and Ceyx. When the Halcyon birds nested and soared over the sea, waves calmed and sailors rejoiced, "Halcyon days are here!".

Just as the Halcyon birds helped sailors to handle the raging waters, Halcyon Portfolio Management strives to navigate its investors through turbulent, sometimes rough markets.
Our Name
Why Halcyon?
Halcyon is a part of the Greek myth of Alcyone and Ceyx. When the Halcyon birds nested and soared over the sea, waves calmed and sailors rejoiced, "Halcyon days are here!".

Just as the Halcyon birds helped sailors to handle the raging waters, Halcyon Portfolio Management strives to navigate its investors through turbulent, sometimes rough markets.
Our Name
Why Halcyon?
Halcyon is a part of the Greek myth of Alcyone and Ceyx. When the Halcyon birds nested and soared over the sea, waves calmed and sailors rejoiced, "Halcyon days are here!".

Just as the Halcyon birds helped sailors to handle the raging waters, Halcyon Portfolio Management strives to navigate its investors through turbulent, sometimes rough markets.
Our Mission
Create value for clients, create a nurturing workplace for ourselves, leave the world better for our existence
We put a lot of effort into building long term relationships – many of our clients have remained with us since the first fund was launched in 2004.
We never locked a fund, never gated a fund.
Never abandoned a fund which was underwater.
In every situation we sincerely put clients' interests first.
Our Key Strengths
18-Year Experience
Unparalleled expertise and insight into the Russian market, stemming from years of experience and in-depth research projects.
500+ Meetings Annually
We are research oriented. Our analysts are participating in field trips, investment conferences and conduct over 500 company interactions every year.
FCA-Regulated
Halcyon Research Limited, which manages a number of the Halcyon Portfolio Management portfolios, is based in London and it is authorised and regulated by the Financial Conduct Authority.
Low turnover
Our turnover is extremely low. Many of us have been working together since 2005. Even those who leave to take other jobs often remain part of our extended family.
Our Key Strengths
18-Year Experience
Unparalleled expertise and insight into the Russian market, stemming from years of experience and in-depth research projects.
500+ Meetings Annually
We are research oriented. Our analysts are participating in field trips, investment conferences and conduct over 500 company interactions every year.
FCA-Regulated
Halcyon Research Limited, which manages a number of the Halcyon Portfolio Management portfolios, is based in London and it is authorised and regulated by the Financial Conduct Authority.
Low turnover
Our turnover is extremely low. Many of us have been working together since 2005. Even those who leave to take other jobs often remain part of our extended family.