Twin Securities, L. P.
Twin Securities, L. P. is a hedge fund based in New York, New York. According to its most recent Form D, filed Mar 7, 2025, the fund has sold $243,114,978 of interests to 123 investors since its first sale in May 1995. The minimum investment it accepts from an outside investor is $1,000,000. 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 David Simon; Twin Securities, Inc.
Performance
No verified returns have been reported for this fund. As a rough guide, Twin Securities, Inc., which manages it, disclosed U.S. stock holdings that returned an estimated -10.1% 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 -51.4% (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
- $243,114,978Cumulative sales reported on Form D
- Investors
- 123
- First sale
- May 1, 1995
- Minimum investment
- $1,000,000
- 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
- David Simon; Twin Securities, Inc
- Latest Form D
- Mar 7, 2025
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 Twin Securities, L. P.
What is the minimum investment for Twin Securities, L. P.?
According to its latest Form D, filed Mar 7, 2025, the minimum investment Twin Securities, L. P. accepts from an outside investor is $1,000,000.
Who can invest in Twin Securities, L. P.?
Twin Securities, L. P. 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 Twin Securities, L. P. raised?
Twin Securities, L. P. reports $243,114,978 sold from 123 investors on its Form D filed Mar 7, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Twin Securities, L. P. based?
Twin Securities, L. P. is based in New York, New York and is managed by Twin Securities, Inc..
When did Twin Securities, L. P. launch?
Twin Securities, L. P. reports its first sale in May 1995.
Size compared with every hedge fund
Raised more than 69% of the 2,544 hedge funds based in New York, and more than 72% of all 10,308 that report sales.