Cheyne Multi-Strategy Fund Inc. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Dec 11, 2015, the fund has sold $351,232 of interests to 4 investors since its first sale in Apr 2006. The minimum investment it accepts from an outside investor is $100,000. 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 Ronan Daly; Andrew Galloway; Cheyne Capital Management (UK) LLP.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $351,232Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Apr 1, 2006
- Minimum investment
- $100,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ronan Daly; Andrew Galloway; Cheyne Capital Management (UK) LLP
- Latest Form D
- Dec 11, 2015
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
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Dec 11, 2015 | Amendment | $351,232 | 4 | SEC.gov ↗ |
| Dec 11, 2014 | Amendment | $351,232 | 4 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Dec 11, 2014. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about Cheyne Multi-Strategy Fund Inc.
What is the minimum investment for Cheyne Multi-Strategy Fund Inc.?
According to its latest Form D, filed Dec 11, 2015, the minimum investment Cheyne Multi-Strategy Fund Inc. accepts from an outside investor is $100,000.
Who can invest in Cheyne Multi-Strategy Fund Inc.?
Cheyne Multi-Strategy Fund Inc. 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 Cheyne Multi-Strategy Fund Inc. raised?
Cheyne Multi-Strategy Fund Inc. reports $351,232 sold from 4 investors on its Form D filed Dec 11, 2015. This is cumulative sales since the offering began, not current assets or performance.
Where is Cheyne Multi-Strategy Fund Inc. based?
Cheyne Multi-Strategy Fund Inc. is based in Grand Cayman, Cayman Islands.
When did Cheyne Multi-Strategy Fund Inc. launch?
Cheyne Multi-Strategy Fund Inc. reports its first sale in Apr 2006.
Size compared with every hedge fund
Raised more than 11% of the 2,345 hedge funds based in Cayman Islands, and more than 3% of all 10,139 that report sales.