Hedge fund profile
Topwater Master Fund Ltd.
Topwater Master Fund Ltd. is reported as a hedge fund in Form ADV private-fund disclosures. The adviser is Leucadia Asset Management LLC, based in New York, New York, United States.
$1.3Bgross assets
$1.0Mminimum
57owners
3(c)(7)exemption
Disclosure fields
Fund facts
SEC private fund ID805-4446601570
Reference ID249903
JurisdictionCayman Islands
Fund of fundsYes
Master fundYes
Feeder fundNo
Non-US ownership20%
Assets valued100%
Annual auditYes
GAAPYes
Source periodApril 2026
Date submitted04/30/2026 05:36:32 PM
Adviser
TypeRegistered investment adviser
SEC number801-61698
CRD121767
Regulatory AUM$3.1B
Compliance signals
Exempt from registration Sales limitation not marked No prime broker flag Custodians reported
Service providers
Reported counterparties
General partners
Cary MarrIvana FaltysovaMatthew SmithLeucadia Asset Management LLC, Acting Through Its Topwater Capital Division
Auditors
DELOITTE & TOUCHE LLP
Custodians
JP MORGAN CHASE BANK NA
Administrators
UMB FUND SERVICES INC.
Same adviser