Hedge funds in Bermuda

SEC-reported hedge funds whose adviser address is in Bermuda. This page turns the raw filings into a research view with manager concentration, strategy mix, searchable fund rows, and location context.

61fund profiles

$43.5Breported gross assets

$713.4Maverage gross assets

Countrypage type

SEO research brief

How to read Bermuda

Hedge funds in Bermuda is a location index built from the manager/adviser address reported in Form ADV. It is useful for discovering where hedge fund management firms are based, which firms account for the largest disclosed vehicles, and which strategies appear most often in that market.

In the sampled rows, Orbis Investment Management Limited, Nephila Capital Ltd., Pillar Capital Management Limited, and Kryger Capital LLC account for many of the largest vehicles. The most visible office clusters include Hamilton, Bermuda, Hamilton, Delaware, Bermuda, Pembroke, Bermuda, and Bermuda.

Data caveat

What the filings show

The data is best read as a disclosure map. Reported gross asset value is not the same as performance, net assets, investor capital, or a recommendation. Fund rows can include offshore master funds, Delaware vehicles, feeders, and internal sleeves.

Orbis Global Equity Fund Limited is the largest sampled vehicle on this page at $8.1B.

Visual snapshot

Concentration and mix

Largest funds

Orbis Global Equity Fund Limited $8.1B Juniperus Insurance Opportunity Fund Limited $3.0B Orbis Sicav Emerging Markets Equity Fund $3.0B Ocelli Fund Ltd. $2.6B Orbis Optimal (US$) Fund Limited $2.4B Orbis Sicav Japan Equity Fund $2.4B

Manager concentration

Orbis Investment Management Limited $24.0B

Nephila Capital Ltd. $12.6B

Pillar Capital Management Limited $3.9B

Kryger Capital LLC $1.3B

Hiscox Re Insurance Linked Strategies Ltd. $620.4M

Eom Management, Ltd. $559.6M

Strategy mix

General hedge fund $40.0B

Emerging markets $3.1B

Event-driven $349.8M

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Find funds inside Hedge funds in Bermuda

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Fund	Manager	Location	Gross assets

Ranked profiles

Largest funds in this group

60 rows shown

Fund	Manager	Location	Gross assets	Minimum
Orbis Global Equity Fund Limited General hedge fund	Orbis Investment Management Limited	Hamilton, Bermuda	$8.1B	$50K
Juniperus Insurance Opportunity Fund Limited General hedge fund	Pillar Capital Management Limited	Hamilton, Bermuda	$3.0B	$1.0M
Orbis Sicav Emerging Markets Equity Fund Emerging markets	Orbis Investment Management Limited	Hamilton, Bermuda	$3.0B	$50K
Ocelli Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$2.6B	$1.0M
Orbis Optimal (US$) Fund Limited General hedge fund	Orbis Investment Management Limited	Hamilton, Bermuda	$2.4B	$50K
Orbis Sicav Japan Equity Fund General hedge fund	Orbis Investment Management Limited	Hamilton, Bermuda	$2.4B	$50K
Orbis Institutional Global Equity L.P. General hedge fund	Orbis Investment Management Limited	Hamilton, Delaware, Bermuda	$2.2B	$1.0M
Orbis Institutional Funds Limited - Orbis Institutional Global Equity Fund General hedge fund	Orbis Investment Management Limited	Hamilton, Bermuda	$2.1B	$1.0M
Orbis Institutional International Equity L.P. General hedge fund	Orbis Investment Management Limited	Hamilton, Delaware, Bermuda	$2.0B	$1.0M
Ananke Catastrophe Investments Designated Activity Company General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$1.9B	$1.0M
Itasca LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$1.4B	$1.0M
Tyche Catastrophe Fund, Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$984.1M	$1.0M
Kryger Enhanced Master Fund Limited General hedge fund	Kryger Capital LLC	Hamilton, Bermuda	$927.6M	$500K
Orbis International Equity L.P. General hedge fund	Orbis Investment Management Limited	Hamilton, Delaware, Bermuda	$898.9M	$500K
Zenith Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$662.9M	$1.0M
Orbis Optimal Overlay Funds Limited General hedge fund	Orbis Investment Management Limited	Hamilton, Bermuda	$658.6M	$50K
Palmetto Catastrophe Master Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$625.0M	$1.0M
Aerides Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$610.9M	$1.0M
Ferrous Catastrophe Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$577.6M	$1.0M
Arachne (sac) Holdings LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$575.6M	$1.0M
Iron Catastrophe Master Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$513.0M	$1.0M
Delos Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$433.6M	$1.0M
Kiskadee Diversified Fund Ltd. General hedge fund	Hiscox Re Insurance Linked Strategies Ltd.	Hamilton, Bermuda	$430.2M	$1.0M
Fourier Master Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$410.8M	$1.0M
Pillar Strategic Fund Platform Limited Iro Pillar Enso Fund General hedge fund	Pillar Capital Management Limited	Hamilton, Bermuda	$403.6M	$1.0M
Pillar Strategic Fund Platform Limited Iro Pillar Tx Fund General hedge fund	Pillar Capital Management Limited	Hamilton, Bermuda	$389.5M	$1.0M
Kryger Event Master Fund Limited Event-driven	Kryger Capital LLC	Hamilton, Bermuda	$349.8M	$500K
Nomis Bay Ltd. General hedge fund	Eom Management, Ltd.	Hamilton, Bermuda	$342.0M	$1.0M
Cassiopeia Fund LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$258.0M	$1.0M
Onyx Catastrophe Fund, Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$254.5M	$1.0M
The 1609 Fund Ltd. General hedge fund	Resolute Global Partners, Ltd.	Hamilton, Bermuda	$250.4M	$250K
Bpy Ltd. General hedge fund	Eom Management, Ltd.	Hamilton, Bermuda	$208.5M	$1.0M
Ulu Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$186.6M	$1.0M
Kiskadee Cadence Fund General hedge fund	Hiscox Re Insurance Linked Strategies Ltd.	Hamilton, Bermuda	$160.8M	$1.0M
Orbis Optimal Global Fund, L.P. General hedge fund	Orbis Investment Management Limited	Hamilton, Delaware, Bermuda	$140.6M	$500K
Pardosa Climate Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$131.3M	$1.0M
Magenta Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$130.6M	$1.0M
Waratah Master Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$119.1M	$1.0M
Orbis Emerging Markets Opportunities L.P. Emerging markets	Orbis Investment Management Limited	Hamilton, Delaware, Bermuda	$104.4M	$1.0M
Prcm Tracker Property Fund, A Segregated Account Of Partnerre Ils Fund Sac Ltd. General hedge fund	Partnerre Capital Management Ltd.	Pembroke, Bermuda	$90.1M	$5.0M
Epoch Overseas, Ltd. General hedge fund	Invictus Rg Pte. Ltd.	Hamilton, Bermuda	$81.0M	$1.0M
Orbis Japan Equity L.P. General hedge fund	Orbis Investment Management Limited	Hamilton, Delaware, Bermuda	$80.1M	$3.0M
Kumo Catastrophe Trust General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$69.5M	$1.0M
Juniper Catastrophe Master Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$66.7M	$1.0M
Pantheon Specialty Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$56.6M	$1.0M
Pillar Strategic Fund Platform Limited Iro Pillar Nova Fund General hedge fund	Pillar Capital Management Limited	Hamilton, Bermuda	$52.6M	$1.0M
Marilla Capital-1, A Segregated Account Of Marilla Capital Ltd. General hedge fund	Marilla Investment Management Ltd.	Hamilton, Bermuda	$46.6M	$500K
Prcm Conservative Property Fund, A Segregated Account Of Partnerre Ils Fund Sac Ltd. General hedge fund	Partnerre Capital Management Ltd.	Pembroke, Bermuda	$34.3M	$5.0M
Kiskadee Select Fund Ltd. General hedge fund	Hiscox Re Insurance Linked Strategies Ltd.	Hamilton, Bermuda	$29.4M	$1.0M
Marilla Capital 2 A Segregated Account Of Marilla Capital LTD General hedge fund	Marilla Investment Management Ltd.	Hamilton, Bermuda	$21.4M	$500K
Xanth Catastrophe Fund, Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$20.6M	$1.0M
Triton Master Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$20.0M	$1.0M
Prcm Enhanced Property Fund, A Segregated Account Of Partnerre Ils Fund Sac Ltd. General hedge fund	Partnerre Capital Management Ltd.	Pembroke, Bermuda	$17.7M	$5.0M
Rembrandt Catastrophe Fund, Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$13.1M	$1.0M
Aleph Foundation Isa Ltd. General hedge fund	Alpha Innovations Ltd.	Hamilton, Bermuda	$12.8M	$1.0M
Nomis Bay Opportunity Ltd. General hedge fund	Eom Management, Ltd.	Hamilton, Bermuda	$9.1M	$1.0M
Gemini Fund Ltd. General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$7.7M	$1.0M
Vermeer Weather Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$4.4M	$1.0M
Emerald Catastrophe Fund, LTD General hedge fund	Nephila Capital Ltd.	Hamilton, Bermuda	$3.6M	$1.0M
Canterbury Growth Fund LTD General hedge fund	Hangar 4 Partners, LLC	Bermuda	$3.3M	$1.0M

FAQ

Questions about this page

What does this country page measure?

It groups hedge fund rows by the SEC-reported office location of the fund manager/adviser, not necessarily by where each portfolio invests or where investors are located.

How many hedge funds are in Bermuda?

This page currently includes 61 hedge fund profiles with $43.5B in reported gross assets.

Why do some large managers appear multiple times?

Large hedge fund managers often report multiple master funds, feeder funds, strategy sleeves, and special-purpose vehicles, so a single firm can account for many public rows.