Form D · Hedge Fund

Emerging Market Currency Fund

Grand Cayman, E9 · CIK 0001641258

Offering snapshot reported Feb 20, 2026 · SEC filing

Reported sold
$1.06B
Indefinite offering
Investors reported
80
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jan 1, 2006
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$532M$1.06BMay 6, 2015: $272,500,311.00May 6, 2015Mar 1, 2016: $450,851,096.00Mar 1, 2017: $593,269,701.00Mar 1, 2018: $626,984,892.00Mar 1, 2019: $659,077,177.00Feb 28, 2020: $888,958,236.00Feb 26, 2021: $942,083,286.00Feb 25, 2022: $1,059,540,734.00Feb 24, 2023: $1,062,704,194.00Feb 23, 2024: $1,064,465,780.00Feb 21, 2025: $1,064,465,780.00Feb 20, 2026: $1,064,465,780.00Feb 20, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Feb 20, 2026Amendment$1,064,465,780$0vs Feb 21, 202580SEC filing
Feb 21, 2025Amendment$1,064,465,780$0vs Feb 23, 202480SEC filing
Feb 23, 2024Amendment$1,064,465,780$1,761,586vs Feb 24, 202380SEC filing
Feb 24, 2023Amendment$1,062,704,194$3,163,460vs Feb 25, 202280SEC filing
Feb 25, 2022Amendment$1,059,540,734$117,457,448vs Feb 26, 202177SEC filing
Feb 26, 2021Amendment$942,083,286$53,125,050vs Feb 28, 202076SEC filing
Feb 28, 2020Amendment$888,958,236$229,881,059vs Mar 1, 201975SEC filing
Mar 1, 2019Amendment$659,077,177$32,092,285vs Mar 1, 201871SEC filing
Mar 1, 2018Amendment$626,984,892$33,715,191vs Mar 1, 201766SEC filing
Mar 1, 2017Amendment$593,269,701$320,769,390vs May 6, 201551SEC filing
Mar 1, 2016Amendment$450,851,096$178,350,785vs May 6, 201542SEC filing
May 6, 2015Initial$272,500,311No comparison17SEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$6.87M (estimated)
Form D file number
021-239292

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
J.P. Morgan Securities LLC000000079

Source: Form D, filed Feb 20, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

EMERGING MARKET CURRENCY FUND

Investment adviser: NWI MANAGEMENT LP

Gross asset value
Not reported
Beneficial owners
Not reported
ADV minimum commitment
Not reported

Reported in Form ADV on Jun 2, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

No provider names available in this fund's imported disclosure.

Provider details
Annual audit
Not reported
Prime brokers
Not reported
Custodians
Not reported
Administrator other than the adviser
Not reported
External marketing
Not reported
Filing source

Form ADV 2110364 · Jun 2, 2026 · Schedule D 7.B.(1), fund 805-4669179209

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

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Cibc Bank And Trust Co. (Cayman) Ltd. Executive
Nwi Management, L.P. Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Cibc Bank And Trust Co. (Cayman) Ltd 11 Dr. Roy's Drive, George Town
Grand Cayman, E9, KY1-1107