Benedicte Gravrand, Opalesque Geneva.

Implied Capital's Volatility Risk Premium Fund (VRPF) launched its offshore version this month, which is domiciled in the Caymans.

The product, managed by Dr. James Doran, went live via managed accounts at the end of 2007. In 2008 it returned +42%, +27% in 2009, +26% in 2010, and +5.44% YTD to April 2011.

Dr. James Doran, the port