The Hyperion Fund | Absolute‑Return, Multi‑Strategy Investing

Overview

The Hyperion Fund is a diversified, absolute-return, multi-strategy hedge fund managed by Le Mans Trading. Hyperion is designed to deliver uncorrelated returns with a focus on risk mitigation. The fund employs multiple, distinct portfolio strategies to capture opportunities across various market conditions.

A key feature of the Hyperion Fund is its tax-efficient structure, offering QEP investors the benefit of long-term capital gains treatment. This makes the Hyperion Fund potentially an attractive option for investors looking to diversify their portfolios, manage volatility, and optimize tax efficiency while aiming for steady performance in both rising and falling markets.

RIAs, Family Offices, and Individuals can invest directly in Hyperion or find us on the following platforms: Fidelity (CUSIP 44999D011) and Charles Schwab (SSID 110776892).

Hyperion Fund is available through a variety of different account types:

Individual Ownership & Joint
Trusts
LP’s & LLC’s
Corporations
IRAs

In markets and in life — consistency counts

Long-term capital growth is a core part of our investment philosophy.

Fund Portfolio

Hyperion Fund is a multi-strategy, we allocate to multiple trade teams that each actively trade the S&P 500 futures and options. Each strategy is strategically designed to adapt to varying market conditions while working in tandem to optimize risk-adjusted returns. We think of the portfolio in two buckets:

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Market Neutral

The objective of the market neutral, delta neutral bucket is to provide risk-adjusted returns by exploiting pricing inefficiencies in equity index options and volatility markets. Using market-neutral strategies, options spreads, and relative value arbitrage, this approach aims to minimize directional exposure and strives for steady, low-volatility performance to enhance portfolio stability and resilience.

Long Volatility

The objective of the long volatility bucket is to capture uncorrelated returns during periods of equity pullbacks. This acts as an alpha generator and supports our negative correlation to the S&P 500. By utilizing tail-risk hedging, long volatility exposure, and tactical positioning, this strategy bucket helps the portfolio profit during market crises while enhancing overall stability.

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HYPERION FUND