MacKay Shields Defensive Bond Arbitrage Fund Ltd. is a hedge fund based in Hamilton, Bermuda. According to its most recent Form D, filed Oct 3, 2025, the fund has sold $610,962,391 of interests to 40 investors since its first sale in Nov 2004. The minimum investment it accepts from an outside investor is $5,000,000. 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. Related persons named in the filing include Young Lee; MacKay Shields LLC; Rene Bustamante.
- Total raised
- $610,962,391Cumulative sales reported on Form D
- Investors
- 40
- First sale
- Nov 1, 2004
- Minimum investment
- $5,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Young Lee; MacKay Shields LLC; Rene Bustamante
- Latest Form D
- Oct 3, 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 81% of the 104 hedge funds based in Bermuda, and more than 84% of all 10,157 that report sales.