| Fund ID | 805-6920138008 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | Yes |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | No |
| Sub-advised | No |
| % of assets independently valued | 100% |
| Owned by the adviser or related persons | 1% |
| Owned by funds of funds | 0% |
| Owned by non-U.S. persons | 50% |
| Fund | Type | Gross assets |
|---|---|---|
| Cephei Qfii China Total Return Fund Ltd. | Hedge | $397.8M |
Cephei China Equity Relative Return Fund Ltd. reports $87.8 million in gross assets, among the top 45% of private funds by size.
The stated minimum investment is $3 million.
Cephei China Equity Relative Return Fund Ltd. is managed by Cephei Capital Management (hong Kong) Limited.
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.