Brevan Howard Multi-Strategy Fund Ltd
Brevan Howard Multi-Strategy Fund Ltd is a hedge fund based in George Town, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Dec 4, 2025, the fund has sold $1,927,097,826 of interests to 112 investors since its first sale in Mar 2008. The minimum investment it accepts from an outside investor is $10,000,000. 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 Philippe Lespinard; Carol Reynolds; Risto Silander.
Performance
No verified returns have been reported for this fund. As a rough guide, Brevan Howard Capital Management, LP, which manages it, disclosed U.S. stock holdings that returned an estimated +27.9% 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 +49.4% (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
- $1,927,097,826Cumulative sales reported on Form D
- Investors
- 112
- First sale
- Mar 1, 2008
- Minimum investment
- $10,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Philippe Lespinard; Carol Reynolds; Risto Silander
- Latest Form D
- Dec 4, 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 Brevan Howard Multi-Strategy Fund Ltd
What is the minimum investment for Brevan Howard Multi-Strategy Fund Ltd?
According to its latest Form D, filed Dec 4, 2025, the minimum investment Brevan Howard Multi-Strategy Fund Ltd accepts from an outside investor is $10,000,000.
Who can invest in Brevan Howard Multi-Strategy Fund Ltd?
Brevan Howard Multi-Strategy 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 Brevan Howard Multi-Strategy Fund Ltd raised?
Brevan Howard Multi-Strategy Fund Ltd reports $1,927,097,826 sold from 112 investors on its Form D filed Dec 4, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Brevan Howard Multi-Strategy Fund Ltd based?
Brevan Howard Multi-Strategy Fund Ltd is based in George Town, Grand Cayman, Cayman Islands and is managed by Brevan Howard Capital Management, LP.
When did Brevan Howard Multi-Strategy Fund Ltd launch?
Brevan Howard Multi-Strategy Fund Ltd reports its first sale in Mar 2008.
Size compared with every hedge fund
Raised more than 94% of the 2,363 hedge funds based in Cayman Islands, and more than 95% of all 10,308 that report sales.
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