Overview
Description of Advisory Services:
Bluestone Capital Management, LLC (“Bluestone,” “we,” or “us”) is an SEC-registered investment
adviser that provides advisory and investment management services to institutional investors and
(primarily) high-net-worth individuals. Bluestone’s total assets under management (“AUM”) as of
January 31, 2023 were approximately $243,300,000. In addition, approximately $1.3 billion was
administered pursuant to a sub-advisory agreement with another registered investment adviser in
respect of certain Collateralized Debt Obligations (“CDOs”) for which that investment adviser serves
as collateral manager/investment manager.1 Further, of the funds managed on a discretionary basis,
approximately $180,000,000 were assets of a registered investment company (i.e., a public fund
registered under the Investment
Company Act of 1940, as amended; Ticker: AGOX). (Note: Assets
under management and assets under administration fluctuate due to market conditions and/or the
use of leverage.)
We provide a variety of asset management services, including the discretionary management of
separate accounts, of private funds, and sub-advisory services to public and private funds and
separately managed accounts.
We generally manage individual client accounts on a discretionary basis, which allows us to change
client portfolio allocations as we deem prudent without prior authorization. Some clients may choose
to have their accounts managed on a non-discretionary basis. If a non-discretionary account is
preferred, our ability to reposition assets may be affected, and it may delay our ability to reallocate
assets in response to market conditions.