HFIR LLC

HFIR LLC is a state‑registered independent investment adviser that manages a small number of separately managed accounts for individual clients who represent they have speculative capital. The firm provides portfolio management and investment advisory services under both discretionary and limited non‑discretionary arrangements and uses both management and performance‑based fee arrangements.

The firm pursues a long/short equity strategy with active use of options, special situations and distressed investments, seeking contrarian opportunities and market turns; it monitors accounts on a continuous basis and implements most strategies on a discretionary basis. HFIR’s offering is supported by an affiliated investment research service with a thematic focus on oil and natural gas and the firm may use short sales and options to pursue asymmetric risk/reward outcomes.

HFIR is notable among similar independent advisers for adopting a performance fee with loss carry‑forward mechanics and fund‑style incentive terms—features more commonly seen in pooled investment vehicles. The brochure also discloses recent corporate changes (a name change and prior ownership in another advisory entity) and relationships with affiliated research and an energy‑sector directorship, which inform its investment sourcing and potential conflicts of interest.