AUMdb

Elementum Advisors, Llc

SEC-registered Private Fund Manager · Mid-sized ($1B–$10B) CRD 151635 · SEC file 801-70618 · Chicago, IL · WWW.linkedin.com
☆ Save with Pro ADV data as of Mar 26, 2026
Regulatory AUM
$4.5B
Discretionary
$4.5B
Clients
17
Avg AUM / client
$263M
Accounts
27
Employees
39

AUM over time

$506M $4.5B
Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 26, 2026

Who they serve

Client typeClientsAUM% of AUM
Pooled investment vehicles (non-investment companies) 17 $3.1B 69.1%
Pension and profit sharing plans Fewer than 5 clients $369M 8.24%
Other investment advisers Fewer than 5 clients $277M 6.2%
Sovereign wealth funds and foreign official institutions Fewer than 5 clients $738M 16.5%

Private funds (17)

View all →

Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $2.2B combined gross assets

FundTypeDomicileGross assetsOwners
Elementum Zephyrus Total Return Cat Bond Fund Ltd. Hedge Fund British Virgin Islands $896M 12
Elementum Natcat Master Fund Ltd. master Hedge Fund Bermuda $273M 62
Elementum Natcat Offshore Fund Ltd. feeder Hedge Fund Bermuda $266M 43
Elementum Opportunities Fund Ltd. Class 1 Sub Fund Hedge Fund Bermuda $218M 2
Elementum Natcat Offshore Fund Ii Ltd. Class 2 Sub Fund Hedge Fund Bermuda $171M 9
Elementum Directus Offshore Fund Ltd. Offshore Class 1 Sub Fund feeder Hedge Fund Bermuda $89.0M 31
Elementum Directus Fund Ltd. Class 1 Sub Fund master Hedge Fund Bermuda $87.6M 36
Favonius Cat Bond Fund Ltd. Hedge Fund British Virgin Islands $76.8M 4
Elementum Opportunities Fund Ltd. Class 2 Sub Fund Hedge Fund Bermuda $38.6M 1
Elementum Opportunities Fund Ltd. Class 5 Sub Fund Hedge Fund Bermuda $35.8M 5
Elementum Eridanus Fund Ltd. Mga Sub Fund Hedge Fund Bermuda $25.4M 3
Elementum Opportunities Fund Ltd. Class 3 Sub Fund Hedge Fund Bermuda $25.0M 8
Elementum Natcat Onshore Fund Lp feeder Hedge Fund Delaware $8.9M 6
Elementum Directus Onshore Fund Lp feeder Hedge Fund Delaware $7.0M 5
Elementum Directus Fund Ltd. Master Fund Class 2 Sub Fund master Hedge Fund Bermuda $6.5M 2

People (5)

NameRole / titleCredentialsWith firm sinceOwnership
Decaro, John, Cecil Founding Partner / Senior Portfolio Manager Jun 2009 (17y) Less than 5%
Rettino, Anthony, Augustino Founding Partner / Senior Portfolio Manager Jun 2009 (17y) Less than 5%
France, Michael, M. Managing Partner / Chief Financial Officer Sep 2012 (14y) Less than 5%
Barker, Paul, Steven Partner And Portfolio Manager Feb 2016 (11y) Less than 5%
Walter, Lynette, Pirilla Partner / Chief Compliance Officer / Chief Legal Officer Jan 2021 (6y) Less than 5%

Entity owners (Schedule A/B)

EntityTitle / statusSinceSch.Ownership
Elementum Holdings, Lp Member Jun 2009 A 75% or more
Wm Birkdale Ltd Shareholder May 2019 B ≈ 14.06% – 50% via Wm Capital Holdings Ltd.
White Mountains Insurance Group, Ltd. Shareholder May 2019 B ≈ 10.55% – 50% via Wm Birkdale Ltd
Wm Capital Holdings Ltd. Lp May 2019 B ≈ 18.75% – 50% via Elementum Holdings, Lp
Anthony A. Rettino, Jr. Gift Trust #1 Lp Nov 2009 B ≈ 18.75% – 50% via Elementum Holdings, Lp
John C. Decaro Ii Gift Trust #1 Lp Nov 2009 B ≈ 18.75% – 50% via Elementum Holdings, Lp
Elementum Holdings Gp, Llc General Partner May 2019 B GP / trustee / elected manager of Elementum Holdings, Lp (indirect)

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

  • Wm Birkdale Ltd: 75% – 100% of Wm Capital Holdings Ltd. × 25% – 50% of Elementum Holdings, Lp × 75% – 100% direct ≈ 14.06% – 50% of the firm
  • White Mountains Insurance Group, Ltd.: 75% – 100% of Wm Birkdale Ltd × 75% – 100% of Wm Capital Holdings Ltd. × 25% – 50% of Elementum Holdings, Lp × 75% – 100% direct ≈ 10.55% – 50% of the firm
  • Wm Capital Holdings Ltd.: 25% – 50% of Elementum Holdings, Lp × 75% – 100% direct ≈ 18.75% – 50% of the firm
  • Anthony A. Rettino, Jr. Gift Trust #1: 25% – 50% of Elementum Holdings, Lp × 75% – 100% direct ≈ 18.75% – 50% of the firm
  • John C. Decaro Ii Gift Trust #1: 25% – 50% of Elementum Holdings, Lp × 75% – 100% direct ≈ 18.75% – 50% of the firm

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (17, $2.2B gross assets)

FundTypeGross assetsMin. investmentOwners
Elementum Zephyrus Total Return Cat Bond Fund Ltd. Hedge Fund $896M $1.0M 12
Elementum Natcat Master Fund Ltd. Hedge Fund $273M $1.0M 62
Elementum Natcat Offshore Fund Ltd. Hedge Fund $266M $1.0M 43
Elementum Opportunities Fund Ltd. Class 1 Sub Fund Hedge Fund $218M $1.0M 2
Elementum Natcat Offshore Fund Ii Ltd. Class 2 Sub Fund Hedge Fund $171M $1.0M 9
Elementum Directus Offshore Fund Ltd. Offshore Class 1 Sub Fund Hedge Fund $89.0M $1.0M 31
Elementum Directus Fund Ltd. Class 1 Sub Fund Hedge Fund $87.6M $1.0M 36
Favonius Cat Bond Fund Ltd. Hedge Fund $76.8M $100K 4
Elementum Opportunities Fund Ltd. Class 2 Sub Fund Hedge Fund $38.6M $1.0M 1
Elementum Opportunities Fund Ltd. Class 5 Sub Fund Hedge Fund $35.8M $1.0M 5
Elementum Eridanus Fund Ltd. Mga Sub Fund Hedge Fund $25.4M $1.0M 3
Elementum Opportunities Fund Ltd. Class 3 Sub Fund Hedge Fund $25.0M $1.0M 8
Elementum Natcat Onshore Fund Lp Hedge Fund $8.9M $1.0M 6
Elementum Directus Onshore Fund Lp Hedge Fund $7.0M $1.0M 5
Elementum Directus Fund Ltd. Master Fund Class 2 Sub Fund Hedge Fund $6.5M $1.0M 2
Elementum Directus Offshore Fund Ltd. Offshore Class 2 Sub Fund Hedge Fund $6.4M $1.0M 2
Elementum Natcat Offshore Fund Ii Ltd. Chf Sub Fund Hedge Fund $1.2M $1.0M 13

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 03/26/2026 5.47 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

  • Percentage of assets under management
  • Performance-based fees

Services

  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses/institutional clients

Custody

Reported custodians

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports having custody of client funds or securities (Item 9.A).

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.

View current Form ADV (SEC/IAPD) ↗