SEC Filing Record

Offering Amount

$43.8M

Strategy

Hedge

Exemption

06b

Date Filed

Jun 02, 2026

0002073765-26-000001

View on SEC EDGAR →

37A Read

The amendment filing indicates this is either a restructured vehicle or a mid-raise adjustment to terms; the absence of prior EDGAR filings from these GPs means this is their first registered fund, making the multi-strategy mandate and $44M target the manager's debut institutional vehicle rather than an evolution of an existing series.

Two named GPs with a multi-strategy hedge fund structure and 06b exemption signals a newly-formed partnership between Eifert and Toyama operating under pre-existing relationship constraints, meaning their LP base is built on prior individual networks rather than on a track record they can publicly market or reference in new business development.

Filing an amendment in mid-2026 during elevated macro uncertainty and after a period of hedge fund performance dispersion suggests the managers are locking down committed capital before year-end allocation cycles tighten, or they are responding to specific LP requests to adjust terms, fee structures, or investment scope after initial fundraising conversations.

Verify whether this amendment materially changed the investment scope, fee structure, or key-person provisions from the original filing; confirm whether Eifert and Toyama each have independent trading or investment authority or whether one GP controls portfolio decisions, as this affects concentration risk and successor-plan clarity in a debut fund.

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Principals

Registered Manager

QVR LLC

General Partners & Executives

Benjamin Eifert Scott Toyama

QVR Multi Strategy Fund Ltd.