{
  "crd_number": 111180,
  "slug": "south-ocean-management-ltd-wanchai-111180",
  "primary_business_name": "SOUTH OCEAN MANAGEMENT LTD.",
  "legal_name": "SOUTH OCEAN MANAGEMENT LTD.",
  "dbas": [],
  "city": "Wanchai",
  "state": null,
  "country": "Hong Kong",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1992-07-27",
  "years_registered": 34,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 13370977.0,
  "raum_discretionary": 11836169.0,
  "raum_non_discretionary": 1534808.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 4,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 11836169.0,
      "count": 17
    },
    "pooled_investment_vehicles": {
      "raum": 1534808.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://south-ocean.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111180",
  "city_as_filed": "WANCHAI",
  "url": "https://advisorcensus.com/firm/south-ocean-management-ltd-wanchai-111180",
  "display_name": "South Ocean Management Ltd.",
  "summary": "South Ocean Management Ltd. is an SEC-registered investment advisory firm in Wanchai, Hong Kong, registered since 1992, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. South Ocean Management Ltd. (CRD 111180): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is South Ocean Management Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), South Ocean Management Ltd. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does South Ocean Management Ltd. charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2025 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is South Ocean Management Ltd. located?",
      "a": "South Ocean Management Ltd.'s principal office is in Wanchai, Hong Kong, according to its Form ADV."
    },
    {
      "q": "Is South Ocean Management Ltd. registered with the SEC or a state?",
      "a": "South Ocean Management Ltd. is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 111180."
    },
    {
      "q": "How much does South Ocean Management Ltd. manage?",
      "a": "South Ocean Management Ltd. reports $13,370,977 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (89% discretionary)."
    },
    {
      "q": "How have South Ocean Management Ltd.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for South Ocean Management Ltd.: Regulatory assets under management: $13,523,490 in the October 2021 data and $13,370,977 in the October 2026 data, down 1%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does South Ocean Management Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (17); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Which custodians does South Ocean Management Ltd. use?",
      "a": "South Ocean Management Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Canacord Genuity Wealth as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does South Ocean Management Ltd. report any disciplinary disclosures?",
      "a": "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/111180"
    },
    {
      "q": "What changed in South Ocean Management Ltd.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $10,864,959 to $13,370,977 (+23%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13523490.0,
      "total_employees": 4,
      "filing_date": "2021-08-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 10082982.0,
      "total_employees": 4,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 9193966.0,
      "total_employees": 4,
      "filing_date": "2023-04-03"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 10397248.0,
      "total_employees": 4,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 10864959.0,
      "total_employees": 4,
      "filing_date": "2025-06-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 13370977.0,
      "total_employees": 4,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $10,864,959 to $13,370,977 (+23%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2025",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "1.5% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1.5% of assets a year"
        ],
        "quotes": [
          "Our annual investment management fee is 1.5% of assets under management. These fees are payable quarterly and at the end of each quarter."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 1.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Our annual investment management fee is 1.5% of assets under management. These fees are payable quarterly and at the end of each quarter."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Canacord Genuity Wealth",
      "name_as_filed": "CANACORD GENUITY WEALTH",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/south-ocean-management-ltd-wanchai-111180.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 17,
      "fewer_than_5": false,
      "raum": 11836169.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 1534808.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111180",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}