Voleon Composition International Fund, Ltd.
Voleon Composition International Fund, Ltd. is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Nov 3, 2025, the fund has sold $1,613,926,231 of interests to 146 investors since its first sale in Nov 2019. The minimum investment it accepts from an outside investor is $1,000,000. 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 Stephen Terry; Michael Kharitonov; Lee Koffler.
Performance
No verified returns have been reported for this fund. As a rough guide, Voleon Capital Management LP, which manages it, disclosed U.S. stock holdings that returned an estimated +12.8% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q1 2025 to Q2 2026, the estimate is +32.7% (S&P 500: +27.4%).
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
- $1,613,926,231Cumulative sales reported on Form D
- Investors
- 146
- First sale
- Nov 1, 2019
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Stephen Terry; Michael Kharitonov; Lee Koffler
- Latest Form D
- Nov 3, 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 Voleon Composition International Fund, Ltd.
What is the minimum investment for Voleon Composition International Fund, Ltd.?
According to its latest Form D, filed Nov 3, 2025, the minimum investment Voleon Composition International Fund, Ltd. accepts from an outside investor is $1,000,000.
Who can invest in Voleon Composition International Fund, Ltd.?
Voleon Composition International 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 Voleon Composition International Fund, Ltd. raised?
Voleon Composition International Fund, Ltd. reports $1,613,926,231 sold from 146 investors on its Form D filed Nov 3, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Voleon Composition International Fund, Ltd. based?
Voleon Composition International Fund, Ltd. is based in Camana Bay, Grand Cayman, Cayman Islands and is managed by Voleon Capital Management LP.
When did Voleon Composition International Fund, Ltd. launch?
Voleon Composition International Fund, Ltd. reports its first sale in Nov 2019.
Size compared with every hedge fund
Raised more than 92% of the 2,363 hedge funds based in Cayman Islands, and more than 94% of all 10,308 that report sales.