Brevan Howard Special Opportunities AC Fund Ltd
Brevan Howard Special Opportunities AC Fund Ltd is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Sep 21, 2026, the fund has sold $233,446,542 of interests to 12 investors since its first sale in Jul 2022. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Karla Bodden; Philippe Lespinard; Risto Silander.
Performance
No verified returns have been reported for this fund. As a rough guide, Brevan Howard Capital Management, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +27.9% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +49.4% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $233,446,542Cumulative sales reported on Form D
- Investors
- 12
- First sale
- Jul 15, 2022
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Karla Bodden; Philippe Lespinard; Risto Silander
- Latest Form D
- Sep 21, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Brevan Howard Special Opportunities AC Fund Ltd
What is the minimum investment for Brevan Howard Special Opportunities AC Fund Ltd?
According to its latest Form D, filed Sep 21, 2026, the minimum investment Brevan Howard Special Opportunities AC Fund Ltd accepts from an outside investor is $1,000,000.
Who can invest in Brevan Howard Special Opportunities AC Fund Ltd?
Brevan Howard Special Opportunities AC Fund Ltd is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Brevan Howard Special Opportunities AC Fund Ltd raised?
Brevan Howard Special Opportunities AC Fund Ltd reports $233,446,542 sold from 12 investors on its Form D filed Sep 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Brevan Howard Special Opportunities AC Fund Ltd based?
Brevan Howard Special Opportunities AC Fund Ltd is based in George Town, Grand Cayman, Cayman Islands and is managed by Brevan Howard Capital Management, LP.
When did Brevan Howard Special Opportunities AC Fund Ltd launch?
Brevan Howard Special Opportunities AC Fund Ltd reports its first sale in Jul 2022.
Size compared with every hedge fund
Raised more than 63% of the 2,363 hedge funds based in Cayman Islands, and more than 72% of all 10,308 that report sales.