AdvisorCensus / Financial advisors / Nephila Capital Ltd.
Nephila Capital Ltd. is an SEC-registered investment advisory firm in Hamilton, Bermuda, registered since 2004, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 20, 2026.
Quick answers
From the filingHow is Nephila Capital Ltd. compensated?
On its Form ADV (Item 5.E, October 2026), Nephila Capital Ltd. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Nephila Capital Ltd. located?
Nephila Capital Ltd.'s principal office is in Hamilton, Bermuda, according to its Form ADV.
Is Nephila Capital Ltd. registered with the SEC or a state?
Nephila Capital Ltd. is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 132780.
How much does Nephila Capital Ltd. manage?
Nephila Capital Ltd. reports $12,876,891,944 in regulatory assets under management in its Form ADV filing dated March 20, 2026 (100% discretionary).
How have Nephila Capital Ltd.'s assets and staff changed since 2021?
In the Form ADV data for Nephila Capital Ltd.: Regulatory assets under management: $20,131,839,248 in the October 2021 data and $12,876,891,944 in the October 2026 data, down 36%. Total employees: 58 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Nephila Capital Ltd. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (39).
Does Nephila Capital 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/132780
What changed in Nephila Capital Ltd.'s recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $11,416,758,491 to $12,876,891,944 (+13%). Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated March 20, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$12,876,891,944 as of October 2026, filing dated March 20, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2004 (22 years)
- Employees
- Total: 27. Performing investment advisory functions: 9.
- Wrap fee program participation
- No.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $12,876,891,944 | 27 | March 20, 2026 |
| October 2025 | $11,416,758,491 | 27 | March 21, 2025 |
| October 2024 | $14,371,072,726 | 32 | March 25, 2024 |
| October 2023 | $18,829,944,477 | 40 | July 4, 2023 |
| October 2022 | $20,446,684,459 | 44 | March 31, 2022 |
| October 2021 | $20,131,839,248 | 58 | March 19, 2021 |
Regulatory assets under management: $20,131,839,248 in the October 2021 data and $12,876,891,944 in the October 2026 data, down 36%.
Total employees: 58 in October 2021 and 27 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $11,416,758,491 to $12,876,891,944 (+13%).
- Updated its list of owners and control persons (Schedule A).
- February 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Nephila Capital Ltd. (CRD 132780): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/nephila-capital-ltd-hamilton-132780