HFIR LLC

HFIR LLC provides discretionary investment management through separately managed accounts to clients who represent they have speculative capital and understand the risks of high‑volatility investing. The firm currently oversees 29 accounts representing roughly $54.47 million in regulatory AUM and offers portfolio management in exchange for both a management fee and a performance-based fee.

The adviser pursues a long/short equity approach that emphasizes undervalued securities, options and special situations, and uses short selling and options strategies to seek asymmetric risk/reward opportunities. Investment decisions are informed by contrarian research produced by the founder’s research business, with a current theme focused on oil and natural gas, and accounts are monitored on a continuous basis.

HFIR’s operating structure is noteworthy for several reasons uncommon among similar independent advisers: it uses a performance fee with loss carry‑forward style accounting and valuation conventions more typically seen in pooled or hedge fund arrangements, and the brochure documents affiliations and prior ownership relationships (including the founder’s HFI Research and a prior ownership interest in Open Insights Capital LLC). The firm is a solo practitioner model but manages a mix of mostly discretionary accounts alongside a small number of non‑discretionary relationships and the principal also serves in public company and director roles.