Alphadyne Global Rates Fund II, Ltd.
Alphadyne Global Rates Fund II, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Mar 4, 2026, the fund has sold $1,240,507,533 of interests to 35 investors since its first sale in Nov 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 Dipenkumar Bhagat; Alphadyne Asset Management, LP; Yukako Kawata.
Performance
No verified returns have been reported for this fund. As a rough guide, Alphadyne Asset Management LP, which manages it, disclosed U.S. stock holdings that returned an estimated +6.9% 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 +5.6% (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
- $1,240,507,533Cumulative sales reported on Form D
- Investors
- 35
- First sale
- Nov 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
- Dipenkumar Bhagat; Alphadyne Asset Management, LP; Yukako Kawata
- Latest Form D
- Mar 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 Alphadyne Global Rates Fund II, Ltd.
What is the minimum investment for Alphadyne Global Rates Fund II, Ltd.?
According to its latest Form D, filed Mar 4, 2026, the minimum investment Alphadyne Global Rates Fund II, Ltd. accepts from an outside investor is $100,000.
Who can invest in Alphadyne Global Rates Fund II, Ltd.?
Alphadyne Global Rates Fund II, 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 Alphadyne Global Rates Fund II, Ltd. raised?
Alphadyne Global Rates Fund II, Ltd. reports $1,240,507,533 sold from 35 investors on its Form D filed Mar 4, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Alphadyne Global Rates Fund II, Ltd. based?
Alphadyne Global Rates Fund II, Ltd. is based in Grand Cayman, Cayman Islands and is managed by Alphadyne Asset Management LP.
When did Alphadyne Global Rates Fund II, Ltd. launch?
Alphadyne Global Rates Fund II, Ltd. reports its first sale in Nov 2011.
Size compared with every hedge fund
Raised more than 89% of the 2,363 hedge funds based in Cayman Islands, and more than 92% of all 10,308 that report sales.