Bluestone Capital Management


Aalii Fund


The Bluestone Aalii Fund is a limited partnership investment fund with the goal of delivering 6% - 10% annualized returns over the course of a full market cycle by investing into a diversified portfolio of alternative strategies in conjunction with internally managed long-biased strategies. This flexible mandate allows the Fund to seek alpha in niche strategies that are less correlated to public equity and debt markets. The Fund intends to deliver greater protection against major market downturns (directional market risk) and improve risk-adjusted performance versus more traditional balanced portfolios. We seek to identify and allocate capital to investments that are outside the realm of traditional equity and debt securities to reduce the correlation to the stock market while at the same time reducing interest rate risks. The Fund is designed for investors with a willingness to accept some directional market risk throughout a full market cycle*. For more information contact us at

Brian C. Shevland & Lee A. Calfo

*Disclaimer: This description does not constitute an offer to sell or a solicitation of an offer to buy any security. Target performance are objectives and do not provide assurance to future results. Limited partnership investments are only available to prospective investors meeting the SEC definition of “qualified client” and contain risks outside of traditional investing in daily liquid instruments. All prospective investors must read and understand the fund’s confidential offering memorandum before investing. This description does not constitute legal, tax, accounting, or investment advice or recommendations, and prospective investors should consult their own advisors about such matters.