Covariance Master Fund, LP
Hedge FundFund ID 805-5075861623Cayman Islands
Gross assets
$141M
Min. investment
—
Beneficial owners
2
Size rank
Top 37%
Audited
Yes
Structure
Master
About this fund
Covariance Master Fund, LP is a hedge fund managed by The Cynosure Group. The fund reports $141 million in gross assets, placing it among the top 37% of private funds by size. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-5075861623 |
| Fund type | Hedge Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | Yes |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | No |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Cynosure Partners 2020, LP | Private Equity | $586.8M |
| Cynosure Partners III, LP | Private Equity | $521.6M |
| Cynosure Partners 2020 Co-Investment, LLC Series C | Private Equity | $310.1M |
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Join to unlock · $37/moFrequently asked questions
How large is Covariance Master Fund, LP?
Covariance Master Fund, LP reports $141 million in gross assets, among the top 37% of private funds by size.
Who manages Covariance Master Fund, LP?
Covariance Master Fund, LP is managed by The Cynosure Group.
Does Covariance Master Fund, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
T
Salt Lake City, UT
Service providers
Prime broker
Custodian
Administrator
Auditor
Reported gross assets
$141M▼ 23%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 37%
Larger than 63% of 67,041 private funds
Gross assets vs Hedge FundsTop 50%
Larger than 50% of 12,442 hedge funds
Investor base
Adviser & related persons%
Funds of funds%
Non-U.S. persons%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.