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Sovereigns Algorithmic Trading Fund launches $100M hedge fund from Wyoming
New fund · Hedge fund · Raising · SHERIDAN, WY · Form D filed 2026-10-01 · sponsor: Sovereigns Algorithmic Trading · all Sovereigns Algorithmic Trading vehicles
Sovereigns Algorithmic Trading Fund LLC, a new Wyoming hedge fund, is raising $100M with a $10K minimum investment. The fund has raised $113K from 7 investors so far and lists no placement agent.
Note: First-time manager; fund incorporated October 2026 with first sale September 2026 (date sequence unusual but filed as stated); no placement agent currently listed despite large target raise.
First filing by this entityFirst-time managerNeeds prime broker / custodyHedge fund
How this compares
- $100M is larger than 70% of the 169 hedge fund fund launches with a stated size in the last two years; the median is $25M.
- Among 65 fund launches filed from WY in the same window it is larger than 90%; the WY median is $20M.
- Across 174 hedge fund sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 7 months.
- No earlier fund launch by this sponsor appears on EDGAR.
Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.
People on the filing
| William Jon Underwood | Executive Officer |
| Solomon Joab Cates | Executive Officer |
Signed by William Jon Underwood, Co-Founder & Co-Managing Partner.
Why now — by persona
- Fund administrator:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
- Fund audit & tax:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
- Custodian / prime broker:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
- Compliance consultant / RIA registration:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
- Placement agent / capital introduction:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
Filing contact
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