Square Wave Offshore, Ltd. is a hedge fund based in Brooklyn, New York. According to its most recent Form D, filed Jul 16, 2025, the fund has sold $32,361,879 of interests to 4 investors since its first sale in Apr 2025. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 Ryan Ashayeri; Square Wave Capital, LLC.
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
- $32,361,879Cumulative sales reported on Form D
- Investors
- 4
- First sale
- Apr 1, 2025
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Ryan Ashayeri; Square Wave Capital, LLC
- Latest Form D
- Jul 16, 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 35% of the 2,479 hedge funds based in New York, and more than 38% of all 10,157 that report sales.