Investment adviser · CRD 312614

SPHERA FUNDS MANAGEMENT LTD.

Exempt reporting adviser (ERA)

Exempt reporting advisers use a shorter Form ADV report. Some adviser-level figures are not reported; fund disclosures appear below when available.

TEL AVIV, Israel · Form ADV filed Mar 17, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

1 Private fund

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

SPHERA MASTER FUND LPHedge Fund · Last reported Mar 17, 2026$850MGross asset value

Feeder funds

Fund administrator SS&C FINANCIAL SERVICES (IRELAND) LIMITED DUBLIN 1, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor KPMG TEL AVIV, Israel
Custodian BANK HAPOALIM B.M. TEL AVIV, Israel Related to adviser: No
Custodian BANK LEUMI LE ISRAEL BM TEL AVIV, Israel Related to adviser: No
Custodian ISRAEL BROKERAGE AND INVESTMENTS I.B.I. LTD TEL AVIV, Israel Related to adviser: No
Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO INTERNATIONAL PLC LONDON, United Kingdom Related to adviser: No
Custodian NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Prime broker BANK HAPOALIM B.M. TEL AVIV, Israel
Prime broker BANK LEUMI LE ISRAEL BM TEL AVIV, Israel
Prime broker ISRAEL BROKERAGE AND INVESTMENTS I.B.I. LTD TEL AVIV, Israel
Prime broker JEFFERIES LLC NEW YORK, New York, United States
Prime broker MORGAN STANLEY & CO INTERNATIONAL PLC LONDON, United Kingdom
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

KPMG
PCAOB 1057

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Fund details & source
Fund ID
805-8036211172
Reported beneficial owners
204
Minimum commitment
$500K
Form D file number
021-138530

Form ADV 2070294 · Mar 17, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 17, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

4 YITZHAK SADE ST.
TEL AVIV, 6777504, Israel

CRD 312614

Filing source

Form ADV 2070294 · Mar 17, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.