YTD 2014 Short Vega Fund investor letter. Also a look around the world using our Volatility XXX software

YTD 2014 Short Vega investor letter.  Also a look around the world using our Volatility XXX software

We use our volatility software daily to watch the worlds concerns as expressed by vol, they are clearly moving East, however Spain and Italy to some degree are still on peoples radar.  Positioning for a slower China are being expressed in Brazil, Australia, Canada and Korea