Cambrian Systematic Strategies Ltd. is a hedge fund based in Mill Valley, California. According to its most recent Form D, filed Dec 12, 2025, the fund has sold $19,338,779 of interests to 30 investors since its first sale in May 2023. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Tony Fenner-Leitao; Martin Green; Jay Posner.
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
- $19,338,779Cumulative sales reported on Form D
- Investors
- 30
- First sale
- May 1, 2023
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Tony Fenner-Leitao; Martin Green; Jay Posner
- 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 43% of the 1,051 hedge funds based in California, and more than 29% of all 10,157 that report sales.