# BW Asset Management Ltd

> BW Asset Management Ltd is an SEC-registered investment advisory firm in George Town, Cayman Islands, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 300503
- Filed as: BW ASSET MANAGEMENT LTD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: George Town, Cayman Islands
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/300503
- AdvisorCensus page: https://advisorcensus.com/firm/bw-asset-management-ltd-george-town-300503

## Quick answers

**How is BW Asset Management Ltd compensated?**
On its Form ADV (Item 5.E, October 2026), BW Asset Management Ltd reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees.

**Where is BW Asset Management Ltd located?**
BW Asset Management Ltd's principal office is in George Town, Cayman Islands, according to its Form ADV.

**Is BW Asset Management Ltd registered with the SEC or a state?**
BW Asset Management Ltd is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 300503.

**How much does BW Asset Management Ltd manage?**
BW Asset Management Ltd reports $110,152,943 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have BW Asset Management Ltd's assets and staff changed since 2024?**
In the Form ADV data for BW Asset Management Ltd: Regulatory assets under management: $83,922,548 in the October 2024 data and $110,152,943 in the October 2026 data, up 31%. Total employees: 16 in October 2024 and 40 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does BW Asset Management Ltd serve?**
By number of clients on Form ADV Item 5.D: investment companies (1); pooled investment vehicles (other than investment companies and business development companies) (1).

**Does BW Asset Management Ltd report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/300503

**Does BW Asset Management Ltd state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "The minimum account size of any Client accepted by the Investment Adviser will generally be USD 5,000,000, provided that the Investment Adviser may reduce or waive this minimum, in its sole discretion at any time"

**What changed in BW Asset Management Ltd's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 22 to 38. Regulatory assets under management went from $135,892,611 to $110,152,943 (-19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> The minimum account size of any Client accepted by the Investment Adviser will generally be USD 5,000,000, provided that the Investment Adviser may reduce or waive this minimum, in its sole discretion at any time

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $110,152,943
- Discretionary: $110,152,943
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $31,413,048 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $78,739,895 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2023 (2 years)
- Employees: 40 total, 38 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $83,922,548 | 16 | March 15, 2024 |
| October 2025 | $135,892,611 | 24 | June 10, 2025 |
| October 2026 | $110,152,943 | 40 | March 25, 2026 |

Regulatory assets under management: $83,922,548 in the October 2024 data and $110,152,943 in the October 2026 data, up 31%.
Total employees: 16 in October 2024 and 40 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 22 to 38.
- Regulatory assets under management went from $135,892,611 to $110,152,943 (-19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BW Asset Management Ltd (CRD 300503): Form ADV filing data as of October 2026.