# South Ocean Management Ltd.

> 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.

- CRD: 111180
- Filed as: SOUTH OCEAN MANAGEMENT LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wanchai, Hong Kong
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111180
- AdvisorCensus page: https://advisorcensus.com/firm/south-ocean-management-ltd-wanchai-111180

## Quick answers

**How is South Ocean Management Ltd. compensated?**
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.

**How much does South Ocean Management Ltd. charge?**
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.

**Where is South Ocean Management Ltd. located?**
South Ocean Management Ltd.'s principal office is in Wanchai, Hong Kong, according to its Form ADV.

**Is South Ocean Management Ltd. registered with the SEC or a state?**
South Ocean Management Ltd. is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 111180.

**How much does South Ocean Management Ltd. manage?**
South Ocean Management Ltd. reports $13,370,977 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (89% discretionary).

**How have South Ocean Management Ltd.'s assets and staff changed since 2021?**
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.

**What types of clients does South Ocean Management Ltd. serve?**
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).

**Which custodians does South Ocean Management Ltd. use?**
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.

**Does South Ocean 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/111180

**What changed in South Ocean Management Ltd.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $10,864,959 to $13,370,977 (+23%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2025)

- Asset-based fee: 1.5% of assets a year

> Our annual investment management fee is 1.5% of assets under management. These fees are payable quarterly and at the end of each quarter.

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

### Custodians (Schedule D, Section 5.K(3))
- Canacord Genuity Wealth

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.

### Regulatory assets under management (Item 5.F)
- Total: $13,370,977
- Discretionary: $11,836,169
- Non-discretionary: $1,534,808

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 17 | $11,836,169 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $1,534,808 |

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

### Firm details
- Registered since: 1992 (34 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- south-ocean.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,523,490 | 4 | August 17, 2021 |
| October 2022 | $10,082,982 | 4 | March 31, 2022 |
| October 2023 | $9,193,966 | 4 | April 3, 2023 |
| October 2024 | $10,397,248 | 4 | March 28, 2024 |
| October 2025 | $10,864,959 | 4 | June 9, 2025 |
| October 2026 | $13,370,977 | 4 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $10,864,959 to $13,370,977 (+23%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. South Ocean Management Ltd. (CRD 111180): Form ADV filing data as of October 2026.