Form D · Hedge Fund

Graham Absolute Return Trading Ltd.

Rowayton, CT · CIK 0001593406

Offering snapshot reported Mar 25, 2026 · SEC filing

Reported sold
$2.64B
Indefinite offering
Investors reported
2,023
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Jan 2, 2012
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$1.32B$2.64BMar 26, 2025: $2,363,385,191.00Mar 26, 2025Mar 25, 2026: $2,640,430,940.00Mar 25, 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.

  • Reported sold$2,363,385,191 → $2,640,430,940
  • Reported investors1,825 → 2,023

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 25, 2026Amendment$2,640,430,940$277,045,749vs Mar 26, 20252,023SEC filing
Mar 26, 2025Initial$2,363,385,191No comparison1,825SEC filing
Mar 28, 2024Initial$2,230,438,173No comparison1,648SEC filing
Mar 29, 2023Initial$2,175,052,562No comparison1,555SEC filing
Mar 24, 2022Amendment$2,028,338,469$96,222,555vs Mar 30, 20211,359SEC filing
Mar 30, 2021Amendment$1,932,115,914$251,094,418vs Mar 30, 20201,286SEC filing
Mar 30, 2020Amendment$1,681,021,496$215,395,821vs Mar 29, 20191,201SEC filing
Mar 29, 2019Amendment$1,465,625,675$226,152,957vs Mar 26, 2018938SEC filing
Mar 26, 2018Amendment$1,239,472,718$300,677,601vs Mar 30, 2017687SEC filing
Mar 26, 2018Amendment$1,239,472,718$300,677,601vs Mar 30, 2017687SEC filing
Mar 30, 2017Initial$938,795,117No comparison312SEC filing
Apr 1, 2016Amendment$794,554,944$226,338,763vs Apr 2, 201554SEC filing
Apr 2, 2015Amendment$568,216,181$40,896,080vs Dec 18, 201339SEC filing
Dec 18, 2013Initial$527,320,101No comparison32SEC filing
Dec 18, 2013Amendment$527,320,101$0vs Dec 18, 201332SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$35.4M
Form D file number
021-542189
This includes compensation paid in relation to the sale of shares in the issuer.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
UBS Financial Services Inc.8174
Morgan Stanley Smith Barney LLC149777

Source: Form D, filed Mar 25, 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

GRAHAM ABSOLUTE RETURN TRADING LTD.

Investment adviser: GRAHAM CAPITAL MANAGEMENT, L.P.

Gross asset value
$161M
Beneficial owners
1,911
ADV minimum commitment
$250K

Reported in Form ADV on Jul 7, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI GLOBAL SERVICES INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP STAMFORD, Connecticut, United States
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Marketer MORGAN STANLEY PURCHASE, New York, United States Related to adviser: No
Marketer UBS FINANCIAL SERVICES INC. NEW YORK, New York, 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 LLP
PCAOB 42

MORGAN STANLEY
CRD 149777 · SEC 801-70103

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163

Filing source

Form ADV 2117692 · Jul 7, 2026 · Schedule D 7.B.(1), fund 805-9658624380

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
John Frawley Director
Michael Hammond Director
Patrick Harrigan Director
Mark Hawley Director
Graham Capital Management, L.P. Director, Promoter
Kenneth Tropin Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
C/O Graham Capital Management, L.P. 40 Highland Avenue
Rowayton, CT, 06853