Cornice Trading, LP is a hedge fund based in Cupertino, California. According to its most recent Form D, filed Oct 24, 2016, the fund has sold $1,475,912 of interests to 15 investors since its first sale in Aug 2012. The minimum investment it accepts from an outside investor is $25,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Marc Kerrest; Cornice Trading, LLC.
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
- $1,475,912Cumulative sales reported on Form D
- Investors
- 15
- First sale
- Aug 6, 2012
- Minimum investment
- $25,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Marc Kerrest; Cornice Trading, LLC
- Latest Form D
- Oct 24, 2016
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 Cornice Trading, LP
What is the minimum investment for Cornice Trading, LP?
According to its latest Form D, filed Oct 24, 2016, the minimum investment Cornice Trading, LP accepts from an outside investor is $25,000.
Who can invest in Cornice Trading, LP?
Cornice Trading, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Cornice Trading, LP raised?
Cornice Trading, LP reports $1,475,912 sold from 15 investors on its Form D filed Oct 24, 2016. This is cumulative sales since the offering began, not current assets or performance.
Where is Cornice Trading, LP based?
Cornice Trading, LP is based in Cupertino, California.
When did Cornice Trading, LP launch?
Cornice Trading, LP reports its first sale in Aug 2012.
Size compared with every hedge fund
Raised more than 20% of the 1,049 hedge funds based in California, and more than 7% of all 10,128 that report sales.