Nine Masts Feeder Fund One
Nine Masts Feeder Fund One is a hedge fund based in George Town, Cayman Islands. According to its most recent Form D, filed Feb 4, 2026, the fund has sold $2,730,000 of interests to 13 investors since its first sale in Jan 2026. The minimum investment it accepts from an outside investor is $2,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Bing Wang.
Performance
No verified returns have been reported for this fund. As a rough guide, Nine Masts Capital Limited, which manages it, disclosed U.S. stock holdings that returned an estimated -0.2% 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 +42.5% (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
- $2,730,000Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Jan 1, 2026
- Minimum investment
- $2,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Other exemption
- Key people and entities
- Bing Wang
- Latest Form D
- Feb 4, 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 Nine Masts Feeder Fund One
What is the minimum investment for Nine Masts Feeder Fund One?
According to its latest Form D, filed Feb 4, 2026, the minimum investment Nine Masts Feeder Fund One accepts from an outside investor is $2,000,000.
Who can invest in Nine Masts Feeder Fund One?
Nine Masts Feeder Fund One is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7).
How much has Nine Masts Feeder Fund One raised?
Nine Masts Feeder Fund One reports $2,730,000 sold from 13 investors on its Form D filed Feb 4, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Nine Masts Feeder Fund One based?
Nine Masts Feeder Fund One is based in George Town, Cayman Islands and is managed by Nine Masts Capital Limited.
When did Nine Masts Feeder Fund One launch?
Nine Masts Feeder Fund One reports its first sale in Jan 2026, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 16% of the 2,363 hedge funds based in Cayman Islands, and more than 10% of all 10,308 that report sales.