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Ionic Volatility Arbitrage Master Fund III Ltd

Hedge FundFund ID 805-2484152227Cayman Islands
Gross assets
$3.39B
Min. investment
$100M
Beneficial owners
2
Size rank
Top 2%
Audited
Yes
Structure
Master

About this fund

Ionic Volatility Arbitrage Master Fund III Ltd is a hedge fund managed by Ionic Capital Management LLC. The fund reports $3.4 billion in gross assets, placing it among the top 2% of private funds by size. The stated minimum investment is $100 million. 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 ID805-2484152227
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundYes
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationNo
Annual auditYes
Prepared per GAAPNo
Sub-advisedNo
% of assets independently valued100%

Other funds from this manager

FundTypeGross assets
Ionic Volatility Strategies Master Fund LtdHedge$111.2M
Ionic Volatility Arbitrage Master Fund II LtdHedge$88.3M
Ionic Value Master Fund LtdHedge$54.2M
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Frequently asked questions

How large is Ionic Volatility Arbitrage Master Fund III Ltd?

Ionic Volatility Arbitrage Master Fund III Ltd reports $3.4 billion in gross assets, among the top 2% of private funds by size.

What is the minimum investment for Ionic Volatility Arbitrage Master Fund III Ltd?

The stated minimum investment is $100 million.

Who manages Ionic Volatility Arbitrage Master Fund III Ltd?

Ionic Volatility Arbitrage Master Fund III Ltd is managed by Ionic Capital Management LLC.

Does Ionic Volatility Arbitrage Master Fund III Ltd disclose returns?

No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.

Manager

Service providers

Prime broker
Administrator

Reported gross assets

$3.39B▼ 12%
Mar '25 — $3.85BApr '25 — $3.85BMay '25 — $3.85BJun '25 — $3.85BJul '25 — $3.85BAug '25 — $3.85BSep '25 — $3.85BOct '25 — $3.85BNov '25 — $3.85BDec '25 — $3.85BJan '26 — $3.85BFeb '26 — $3.85BMar '26 — $3.39BApr '26 — $3.39BMay '26 — $3.39BJun '26 — $3.39B
Mar '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 2%
Larger than 98% of 67,041 private funds
Gross assets vs Hedge FundsTop 5%
Larger than 95% of 12,442 hedge funds
Minimum investmentTop 2%
Higher than 98% of funds reporting a minimum

Investor base

Adviser & related persons%
Funds of funds%
Non-U.S. persons1%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.