BlackBay Blended Strategy Fund, LP. is a long-short equity sector strategy that utilizes mutual funds/ETFs/individual equities in five sector baskets; oil & gas, precious metals, real estate, S&P500, and the US Treasury Market. The optimal portfolio for the strategy is constantly being reconsidered and optimized for the next day's trade. Strategy can be composed of a mixture of longs and shorts, all long, all short, and allocations can be anywhere from zero to 100% in each basket. Optimal portfolio selection is performed utilizing a combination of objective and subjective technical judgments.