Bluestone Financial Institutions Fund

Bluestone Financial Institutions Fund is a long-biased limited partnership investment that is focused on the common equity of publicly traded micro, small, and mid-capitalization banks based in the U.S. The managers seek to positon the Fund to generate risk-adjusted returns that, over the long-term, are superior to the median return of publicly traded banking companies. The investment strategy employed is based on the manager’s in-depth understanding of the Fund’s underlying positions, and their associated attributes, to a greater degree than the market as a whole. The managers firmly believe that small capitalization banking companies represent a less efficient market that enables deep fundamental research and careful investment selection and management to provide excess returns versus passive bank indices over a multi-year investment horizon.


  • Frederick (Ted) Peters
  • Jason D.O’Donnell


  • Typically 10-20 positions
  • Maximum position size is 10%
  • Top 10 holdings are typically greater than 50% of net assets
  • Focus is on publicly traded community banks

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All investors in Bluestone Financial Institutions Fund (BFIF) must be “Qualified Clients,” as defined in Rule 205-3 under the Investment Advisors Act of 1940.  An investment in BFIF is speculative and involves risks including that BFIF can and does hold a limited number of positions within a specific concentrated sector of the market. BFIF is not intended as a short-term investment and because of its narrow sector focus and concentrated portfolio should be limited to a small portion of one’s entire investment portfolio. The purpose of this website is limited to providing you with general information on the fund. The material contained on this website is for informational purposes only; BFIF is not soliciting an action based on such material. The material is not to be construed as an offer or recommendation to buy or sell a security nor is it to be construed as investment advice.  Additionally, the material accessible through this website does not constitute a representation that the investment described is suitable or appropriate for any person in addition, past performance is not necessarily indicative of future results. 


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