Bull & Bear Trading LP is a hedge fund based in Houston, Texas. According to its most recent Form D, filed Dec 12, 2025, the fund has sold $42,614,149 of interests to 62 investors since its first sale in Oct 2018. The minimum investment it accepts from an outside investor is $35,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Peter Lucey.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $42,614,149Cumulative sales reported on Form D
- Investors
- 62
- First sale
- Oct 1, 2018
- Minimum investment
- $35,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Net asset value range
- $25,000,001 - $50,000,000Self-reported
- Key people and entities
- Peter Lucey
- Latest Form D
- Dec 12, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 53% of the 668 hedge funds based in Texas, and more than 42% of all 10,157 that report sales.