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Waratah Master Fund Ltd.

Hedge FundFund ID 805-7237930945Bermuda
Gross assets
$119.1M
Min. investment
$1M
Beneficial owners
40
Size rank
Top 40%
Audited
Yes
Structure
Master

About this fund

Waratah Master Fund Ltd. is a hedge fund managed by Nephila Capital Ltd.. The fund reports $119.1 million in gross assets, placing it among the top 40% 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 ID805-7237930945
Fund typeHedge Fund
3(c)(1) exclusionNo
3(c)(7) exclusionYes
Master fundYes
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 Waratah Master Fund Ltd.?

Waratah Master Fund Ltd. reports $119.1 million in gross assets, among the top 40% of private funds by size.

What is the minimum investment for Waratah Master Fund Ltd.?

The stated minimum investment is $1 million.

Who manages Waratah Master Fund Ltd.?

Waratah Master Fund Ltd. is managed by Nephila Capital Ltd.

Does Waratah Master 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

$119.1M▲ 26%
Feb '25 — $94.4MMar '25 — $102MApr '25 — $102MMay '25 — $102MJun '25 — $102MJul '25 — $102MAug '25 — $102MSep '25 — $102MOct '25 — $102MNov '25 — $102MDec '25 — $102MJan '26 — $102MFeb '26 — $102MMar '26 — $119.1MApr '26 — $119.1MMay '26 — $119.1MJun '26 — $119.1M
Feb '25Form ADV, monthlyJun '26

How this fund compares

Gross assetsTop 40%
Larger than 60% of 67,041 private funds
Gross assets vs Hedge FundsTop 53%
Larger than 47% of 12,442 hedge funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum

Investor base

Adviser & related persons68%
Funds of funds%
Non-U.S. persons34%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.