EFTA00847164.pdf

From: Daniel Bloom To: Ari Glass Subject: Estimate of Boothbay Absolute Return Strategies LP PNL for August 2015 Date: Fri, 04 Sep 2015 03:41:25 +0000 Inline-Images: image001.png Dear Investor, For the month of August, the very rough estimated return for Boothbay Absolute Return Strategies LP was 0.60% vs. the S&P 500's performance of -6.26% bringing the YTD performance to approximately 7.30% vs. the S&P 500's YTD performance of -4.21%. Please see below additional commentary from Ad regarding the fund. Best regards, Daniel As a practice, we don't normally give out intra-month performance as we think it Is distracting. We also don't tend to comment intra-quarter. However, given the extreme volatility in August, we will offer a couple of comments. In some ways, August was a typical month for Boothbay. When the market bottomed out on August 25th, with the S&P 500 performance at that point -11.23% for the month, we were positive by approximately 0.50%. However, underneath the headline numbers was the largest divergence among managers and strategies that we have ever seen. We had traders who had their worst ever month and a couple who had what could be their best ever months. While we run with a low market Beth, even a small amount of Beta times a big negative performance can affect a portfolio. Thankfully, enough Alpha was generated, to overcome the negative Beth effect and produce a positive month in a volatile market. We will discuss in greater detail during the next quarterly letter, but we are available to discuss sooner if needed. Sincerely, Rcid:image001.png@OIDOE649.89A97690 An Glass Boothbay Management Managing Member 810 7111 Ave Suite 615 New York, NY 10019 (P)212-332-2675 (0917-7574600 The information contained in this e-mail and any attachments may be legally privileged, proprietary and/or confidential. If you are not an intended recipient, you are hereby notified that any use, copying, disclosure or distribution of all or any portion of this e-mail and any attachments is strictly prohibited. If you received this e- EFTA00847164 mail in error, please notify the sender, permanently delete the e-mail and any attachments, and destroy all hard copies immediately. This communication should not be regarded as an offer, solicitation or recommendation to sell or purchase any security or other financial product. Boothbay and its related entities reserve the right to monitor and/or save all e-mail communications through their networks. EFTA00847165