<SEC-DOCUMENT>0001806216-22-000001.txt : 20220311
<SEC-HEADER>0001806216-22-000001.hdr.sgml : 20220311
<ACCEPTANCE-DATETIME>20220311131830
ACCESSION NUMBER: 0001806216-22-000001
CONFORMED SUBMISSION TYPE: D/A
PUBLIC DOCUMENT COUNT: 1
ITEM INFORMATION: <ITEMS>06b
ITEM INFORMATION: Investment Company Act Section 3(c)
ITEM INFORMATION: Section 3(c)(7)
FILED AS OF DATE: 20220311
DATE AS OF CHANGE: 20220311
EFFECTIVENESS DATE: 20220311
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: A&Q Alternative Yield Fund Ltd
CENTRAL INDEX KEY: 0001806216
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: D/A
SEC ACT: 1933 Act
SEC FILE NUMBER: 021-362581
FILM NUMBER: 22732236
BUSINESS ADDRESS:
STREET 1: MUFG ALTERNATIVE FUND SERVICES (CAYMAN)
STREET 2: 227 ELGIN AVENUE
CITY: GRAND CAYMAN
STATE: E9
ZIP: KY1-1103
BUSINESS PHONE: 345-914-1000
MAIL ADDRESS:
STREET 1: MUFG ALTERNATIVE FUND SERVICES (CAYMAN)
STREET 2: 227 ELGIN AVENUE
CITY: GRAND CAYMAN
STATE: E9
ZIP: KY1-1103
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>
<schemaVersion>X0708</schemaVersion>
<submissionType>D/A</submissionType>
<testOrLive>LIVE</testOrLive>
<primaryIssuer>
<cik>0001806216</cik>
<entityName>A&Q Alternative Yield Fund Ltd</entityName>
<issuerAddress>
<street1>MUFG Alternative Fund Services (Cayman)</street1>
<street2>227 Elgin Avenue</street2>
<city>Grand Cayman</city>
<stateOrCountry>E9</stateOrCountry>
<stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
<zipCode>KY1-1103</zipCode>
</issuerAddress>
<issuerPhoneNumber>345-914-1000</issuerPhoneNumber>
<jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
<issuerPreviousNameList>
<value>None</value>
</issuerPreviousNameList>
<edgarPreviousNameList>
<value>None</value>
</edgarPreviousNameList>
<entityType>Other</entityType>
<entityTypeOtherDesc>Cayman Islands Exempted Company</entityTypeOtherDesc>
<yearOfInc>
<withinFiveYears>true</withinFiveYears>
<value>2019</value>
</yearOfInc>
</primaryIssuer>
<relatedPersonsList>
<relatedPersonInfo>
<relatedPersonName>
<firstName>n/a</firstName>
<lastName>UBS Hedge Fund Solutions LLC</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>600 Washington Boulevard</street1>
<city>Stamford</city>
<stateOrCountry>CT</stateOrCountry>
<stateOrCountryDescription>CONNECTICUT</stateOrCountryDescription>
<zipCode>06901</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Promoter</relationship>
</relatedPersonRelationshipList>
<relationshipClarification>Investment Manager</relationshipClarification>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>Michael</firstName>
<lastName>Kim</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>Heine & Kim Fiduciary Partners LLC</street1>
<street2>21 Shelley Lane</street2>
<city>West Harrison</city>
<stateOrCountry>NY</stateOrCountry>
<stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
<zipCode>10604</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Director</relationship>
</relatedPersonRelationshipList>
<relationshipClarification>Management Board Member</relationshipClarification>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>Cassandra</firstName>
<lastName>Powell</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>The Harbour Trust Co. Ltd., Windward 1</street1>
<street2>Regatta Office Park, West Bay Road</street2>
<city>Grand Cayman</city>
<stateOrCountry>E9</stateOrCountry>
<stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
<zipCode>KY1-1103</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Director</relationship>
</relatedPersonRelationshipList>
<relationshipClarification>Management Board Member</relationshipClarification>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>William</firstName>
<middleName>E.J.</middleName>
<lastName>Walmsley</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>The Harbour Trust Co. Ltd., Windward 1</street1>
<street2>Regatta Office Park, West Bay Road</street2>
<city>Grand Cayman</city>
<stateOrCountry>E9</stateOrCountry>
<stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
<zipCode>KY1-1103</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Director</relationship>
</relatedPersonRelationshipList>
<relationshipClarification>Management Board Member</relationshipClarification>
</relatedPersonInfo>
<relatedPersonInfo>
<relatedPersonName>
<firstName>Ramona</firstName>
<lastName>Heine</lastName>
</relatedPersonName>
<relatedPersonAddress>
<street1>Heine & Kim Fiduciary Partners LLC</street1>
<street2>21 Shelley Lane</street2>
<city>West Harrison</city>
<stateOrCountry>NY</stateOrCountry>
<stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
<zipCode>10604</zipCode>
</relatedPersonAddress>
<relatedPersonRelationshipList>
<relationship>Executive Officer</relationship>
</relatedPersonRelationshipList>
<relationshipClarification>Officer</relationshipClarification>
</relatedPersonInfo>
</relatedPersonsList>
<offeringData>
<industryGroup>
<industryGroupType>Pooled Investment Fund</industryGroupType>
<investmentFundInfo>
<investmentFundType>Hedge Fund</investmentFundType>
<is40Act>false</is40Act>
</investmentFundInfo>
</industryGroup>
<issuerSize>
<aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
</issuerSize>
<federalExemptionsExclusions>
<item>06b</item>
<item>3C</item>
<item>3C.7</item>
</federalExemptionsExclusions>
<typeOfFiling>
<newOrAmendment>
<isAmendment>true</isAmendment>
<previousAccessionNumber>0001647912-21-000002</previousAccessionNumber>
</newOrAmendment>
<dateOfFirstSale>
<value>2019-11-01</value>
</dateOfFirstSale>
</typeOfFiling>
<durationOfOffering>
<moreThanOneYear>true</moreThanOneYear>
</durationOfOffering>
<typesOfSecuritiesOffered>
<isPooledInvestmentFundType>true</isPooledInvestmentFundType>
</typesOfSecuritiesOffered>
<businessCombinationTransaction>
<isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
<clarificationOfResponse></clarificationOfResponse>
</businessCombinationTransaction>
<minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
<salesCompensationList>
<recipient>
<recipientName>UBS Financial Services Inc.</recipientName>
<recipientCRDNumber>8174</recipientCRDNumber>
<associatedBDName>None</associatedBDName>
<associatedBDCRDNumber>None</associatedBDCRDNumber>
<recipientAddress>
<street1>1200 Harbor Boulevard</street1>
<city>Weekhawken</city>
<stateOrCountry>NJ</stateOrCountry>
<stateOrCountryDescription>NEW JERSEY</stateOrCountryDescription>
<zipCode>07086</zipCode>
</recipientAddress>
<statesOfSolicitationList>
<value>All States</value>
</statesOfSolicitationList>
<foreignSolicitation>false</foreignSolicitation>
</recipient>
</salesCompensationList>
<offeringSalesAmounts>
<totalOfferingAmount>Indefinite</totalOfferingAmount>
<totalAmountSold>11840000</totalAmountSold>
<totalRemaining>Indefinite</totalRemaining>
<clarificationOfResponse>Includes only securities sold to U.S. investors by the Issuer in reliance on Regulation D (e.g., excludes securities sold to non-U.S. investors in reliance on Regulation S).</clarificationOfResponse>
</offeringSalesAmounts>
<investors>
<hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
<totalNumberAlreadyInvested>14</totalNumberAlreadyInvested>
</investors>
<salesCommissionsFindersFees>
<salesCommissions>
<dollarAmount>256733</dollarAmount>
<isEstimate>true</isEstimate>
</salesCommissions>
<findersFees>
<dollarAmount>0</dollarAmount>
</findersFees>
<clarificationOfResponse></clarificationOfResponse>
</salesCommissionsFindersFees>
<useOfProceeds>
<grossProceedsUsed>
<dollarAmount>0</dollarAmount>
</grossProceedsUsed>
<clarificationOfResponse></clarificationOfResponse>
</useOfProceeds>
<signatureBlock>
<authorizedRepresentative>false</authorizedRepresentative>
<signature>
<issuerName>A&Q Alternative Yield Fund Ltd</issuerName>
<signatureName>Ramona Heine</signatureName>
<nameOfSigner>Ramona Heine</nameOfSigner>
<signatureTitle>Officer of the Issuer</signatureTitle>
<signatureDate>2022-03-11</signatureDate>
</signature>
</signatureBlock>
</offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>