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Alternative Market Briefing

Blueshift’s volatility trading fund returns 15% in first six months of trading

Tuesday, January 21, 2014

Benedicte Gravrand, Opalesque Geneva for New Managers:

The Blueshift Energy Fund LP was launched in July 2013 and managed to return almost 15% in its first six months of trading, according to documentation received by Opalesque. It is a long/short energy volatility fund, with an opportunistic approach using volatility as an asset class.

The fund currently has $77m in assets under management from two institutional investors, smaller investors and personal capital, with more to come soon.

The principals of BlueShift Capital Group, a New York-based fund management firm formed last summer, are Todd Kramer (portfolio manager) and Tina Lindstrom (head trader), who have more than 30 years combined of options trading experience. Lindstrom was a volatility trader at Susquehanna International Group and Kramer was a volatility trader at Citigroup.

The fund is a cross-commodity, relative value volatility trading fund, with a primary focus on the energy sector.

They do not trade options for direction. The fund is not a CTA, nor is it a macro fundamental fund. They trade volatility as an asset class in itself. The fund should be non-correlated to direction, to the macro commodity players and is in a unique niche space.

It is systematic but there is decision-making when it comes to choosing which volatility to own and which......................

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