NET RETURN ASSET MANAGEMENT LLC – investment adviser, $803M regulatory AUM (Form ADV)

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	3	$803,278,426	100.0%

Filing source

Form ADV 2074266 · Mar 24, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

2 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

NET RETURN FUND, LTD.Hedge Fund · Last reported Mar 24, 2026$210MGross asset value

Form D fundraising filings

Net Return Fund, Ltd.

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED CAMANA BAY, GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. CAMANA BAY, GRAND CAYMAN, Cayman Islands

Custodian CITCO BANK CANADA TORONTO, Canada Related to adviser: No

Custodian HSBC BANK U.S.A., NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY INVESTMENT MANAGEMENT INC. KANSAS CITY, Missouri, United States Related to adviser: No

Marketer MONNESS CRESPI HARDT & CO., INC. NEW YORK, New York, United States Related to adviser: Yes

Marketer SAXONY SECURITIES, INC. ST LOUIS, Missouri, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LTD.
PCAOB 1655

HSBC BANK U.S.A., NATIONAL ASSOCIATION
LEI 1IE8VN30JCEQV1H4R804

MORGAN STANLEY INVESTMENT MANAGEMENT INC.
LEI 6N8SC06AK49F0N7KIX52

MONNESS CRESPI HARDT & CO., INC.
CRD 7424 · SEC 8-21380

SAXONY SECURITIES, INC.
CRD 115547 · SEC 8-53490

Fund details & source

Fund ID: 805-1927345185
Reported beneficial owners: 66
Minimum commitment: $1M
Form D file number: 021-96702

Form ADV 2074266 · Mar 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NET RETURN FUND, LPHedge Fund · Last reported Mar 24, 2026$99.8MGross asset value

Form D fundraising filings

Net Return Fund, LP

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED CAMANA BAY, GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD. CAYMANA BAY, GRAND CAYMAN, Cayman Islands

Custodian CITCO BANK CANADA TORONTO, Canada Related to adviser: No

Custodian HSBC BANK U.S.A., NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY INVESTMENT MANAGEMENT INC. KANSAS CITY, Missouri, United States Related to adviser: No

Marketer MONNESS CRESPI HARDT & CO., INC. NEW YORK, New York, United States Related to adviser: Yes

Marketer SAXONY SECURITIES, INC. ST LOUIS, Missouri, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LTD.
PCAOB 42

HSBC BANK U.S.A., NATIONAL ASSOCIATION
LEI 1IE8VN30JCEQV1H4R804

MORGAN STANLEY INVESTMENT MANAGEMENT INC.
LEI 6N8SC06AK49F0N7KIX52

MONNESS CRESPI HARDT & CO., INC.
CRD 7424 · SEC 8-21380

SAXONY SECURITIES, INC.
CRD 115547 · SEC 8-53490

Fund details & source

Fund ID: 805-3908725930
Reported beneficial owners: 63
Minimum commitment: $1M
Form D file number: 021-90009

Form ADV 2074266 · Mar 24, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 24, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

780 THIRD AVENUE, 24TH FLOOR
NEW YORK, NY, 10017, United States

CRD 159895

Filing source

Form ADV 2074266 · Mar 24, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.