GSA QMS Fund Ltd
GSA QMS Fund Ltd is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Sep 8, 2026, the fund has sold $1,024,000,000 of interests to 16 investors since its first sale in Sep 2011. 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 James Webb; GSA Capital Partners LLP; David DeRosa.
Performance
No verified returns have been reported for this fund. As a rough guide, GSA Capital Partners LLP, which manages it, disclosed U.S. stock holdings that returned an estimated +15.7% 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 +52.8% (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
- $1,024,000,000Cumulative sales reported on Form D
- Investors
- 16
- First sale
- Sep 1, 2011
- 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
- James Webb; GSA Capital Partners LLP; David DeRosa
- Latest Form D
- Sep 8, 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 GSA QMS Fund Ltd
What is the minimum investment for GSA QMS Fund Ltd?
According to its latest Form D, filed Sep 8, 2026, the minimum investment GSA QMS Fund Ltd accepts from an outside investor is $100,000.
Who can invest in GSA QMS Fund Ltd?
GSA QMS 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 GSA QMS Fund Ltd raised?
GSA QMS Fund Ltd reports $1,024,000,000 sold from 16 investors on its Form D filed Sep 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is GSA QMS Fund Ltd based?
GSA QMS Fund Ltd is based in George Town, Grand Cayman, Cayman Islands and is managed by GSA Capital Partners LLP.
When did GSA QMS Fund Ltd launch?
GSA QMS Fund Ltd reports its first sale in Sep 2011.
Size compared with every hedge fund
Raised more than 86% of the 2,363 hedge funds based in Cayman Islands, and more than 90% of all 10,308 that report sales.
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