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Cassiopeia Fund Ltd

Hedge FundFund ID 805-5447956087Bermuda
Gross assets
$258M
Min. investment
$1M
Beneficial owners
312
Size rank
Top 27%
Audited
Yes
Structure
Standalone

About this fund

Cassiopeia Fund Ltd is a hedge fund managed by Nephila Capital Ltd.. The fund reports $258 million in gross assets, placing it among the top 27% of private funds by size. The stated minimum investment is $1 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 ID805-5447956087
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundNo
Feeder fundNo
Fund of fundsNo
Relies on exemption from registrationYes
Annual auditYes
Prepared per GAAPYes
Sub-advisedNo
% of assets independently valued100%

Other funds from this manager

FundTypeGross assets
Ocelli Fund Ltd.Hedge$2.59B
Ananke Catastrophe Investments Designated Activity CompanyHedge$1.91B
Itasca LtdHedge$1.36B
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Frequently asked questions

How large is Cassiopeia Fund Ltd?

Cassiopeia Fund Ltd reports $258 million in gross assets, among the top 27% of private funds by size.

What is the minimum investment for Cassiopeia Fund Ltd?

The stated minimum investment is $1 million.

Who manages Cassiopeia Fund Ltd?

Cassiopeia Fund Ltd is managed by Nephila Capital Ltd.

Does Cassiopeia Fund 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
None reported
Custodian
Administrator
Auditor

Reported gross assets

$258M▼ 84%
Feb '25 — $1.58BMar '25 — $1.32BApr '25 — $1.32BMay '25 — $1.32BJun '25 — $1.32BJul '25 — $1.32BAug '25 — $1.32BSep '25 — $1.32BOct '25 — $1.32BNov '25 — $1.32BDec '25 — $1.32BJan '26 — $1.32BFeb '26 — $1.32BMar '26 — $258MApr '26 — $258MMay '26 — $258MJun '26 — $258M
Feb '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 27%
Larger than 73% of 67,041 private funds
Gross assets vs Hedge FundsTop 38%
Larger than 62% of 12,442 hedge funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum

Investor base

Adviser & related persons42%
Funds of funds2%
Non-U.S. persons89%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.