Net Return Fund, Ltd.
Net Return Fund, Ltd. is a hedge fund based in Grand Cayman, Cayman Islands. According to its most recent Form D, filed Jan 8, 2026, the fund has sold $189,303,372 of interests to 125 investors since its first sale in Jun 2006. The minimum investment it accepts from an outside investor is $50,000. 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 Vijayabalan Murugesu; Steven Yanis; Net Return Asset Management, LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $189,303,372Cumulative sales reported on Form D
- Investors
- 125
- First sale
- Jun 1, 2006
- Minimum investment
- $50,000
- 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
- Vijayabalan Murugesu; Steven Yanis; Net Return Asset Management, LLC
- Latest Form D
- Jan 8, 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 Net Return Fund, Ltd.
What is the minimum investment for Net Return Fund, Ltd.?
According to its latest Form D, filed Jan 8, 2026, the minimum investment Net Return Fund, Ltd. accepts from an outside investor is $50,000.
Who can invest in Net Return Fund, Ltd.?
Net Return Fund, Ltd. 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 Net Return Fund, Ltd. raised?
Net Return Fund, Ltd. reports $189,303,372 sold from 125 investors on its Form D filed Jan 8, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Net Return Fund, Ltd. based?
Net Return Fund, Ltd. is based in Grand Cayman, Cayman Islands and is managed by NET Return Asset Management LLC.
When did Net Return Fund, Ltd. launch?
Net Return Fund, Ltd. reports its first sale in Jun 2006.
Size compared with every hedge fund
Raised more than 60% of the 2,363 hedge funds based in Cayman Islands, and more than 68% of all 10,307 that report sales.
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