Founded in 2003 Halcyon PM has been one of the longest-running and largest independent investment firms with around $1b AUM specializing in public equity investments in former Soviet Union countries. Our team has deep experience in the region, having been involved in the regional equity market since its revival in the early 1990s.

In February 2022, the Russia-Ukraine conflict triggered a dramatic shift in the investment landscape. Recognizing the profound implications for our investors, Halcyon PM made the strategic decision to exit all our Russian assets where possible.

This was a complex undertaking, requiring expertise, agility, and a deep understanding of local nuances to navigate the challenging regulatory environment, volatile market conditions, and logistical hurdles. We successfully executed this exit strategy for our flagship Russian equities fund, as well as several managed accounts, prioritizing the interests of our investors and safeguarding their capital amidst unprecedented uncertainty.

Beyond restructuring our own fund, Halcyon PM has become a valuable resource for other firms navigating the complexities of exiting or managing their investments in the region. We leverage our deep market knowledge, extensive network, and proven track record to assist others in successfully navigating this difficult and non-standard environment.