-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JhO4Lkjf5fkJVnCRnobLtA7hGr/IDvmcUp34plPtyydS/tA5s5pJ7sw+Kr9NGgrB
 1Ej0ZBd2UTeSBBw78YJjhA==

<SEC-DOCUMENT>0001126512-09-000006.txt : 20090212
<SEC-HEADER>0001126512-09-000006.hdr.sgml : 20090212
<ACCEPTANCE-DATETIME>20090212134821
ACCESSION NUMBER:		0001126512-09-000006
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090212
DATE AS OF CHANGE:		20090212
EFFECTIVENESS DATE:		20090212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Colchester Alpha Fund Bermuda Ltd
		CENTRAL INDEX KEY:			0001342302
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-82521
		FILM NUMBER:		09593631

	BUSINESS ADDRESS:	
		STREET 1:		HEATCOAT HOUSE
		STREET 2:		20 SAVILE ROW
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3PR
		BUSINESS PHONE:		011-44-20-7292-6920

	MAIL ADDRESS:	
		STREET 1:		HEATCOAT HOUSE
		STREET 2:		20 SAVILE ROW
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3PR
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0201</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001342302</cik>
        <entityName>Colchester Alpha Fund Bermuda Ltd</entityName>
        <issuerAddress>
            <street1>HEATHCOAT HOUSE</street1>
            <street2>20 SAVILE ROW</street2>
            <city>LONDON</city>
            <stateOrCountry>X0</stateOrCountry>
            <zipCode>W1S 3PR</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>011-44-20-7292-6920</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>D0</jurisdictionOfInc>
        <entityType>Other</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Edward</firstName>
                <middleName>Y.H.</middleName>
                <lastName>Wong</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Colchester Global Investors Limited</street1>
                <street2>Heathcoat House, 20 Savile Row</street2>
                <city>London</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>W1S 3PR</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dudley</firstName>
                <middleName></middleName>
                <lastName>Cottingham</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Century House</street1>
                <street2>16 Par-la-Ville Road</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <zipCode>HM 08</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>James</firstName>
                <middleName></middleName>
                <lastName>Keyes</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Canon's Court</street1>
                <street2>22 Victoria Street</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <zipCode>HM 08</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <middleName></middleName>
                <lastName>Colchester Global Investors Limited</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heathcoat House</street1>
                <street2>20 Savile Row</street2>
                <city>London</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>W1S 3PR</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Manager</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>n/a</firstName>
                <middleName></middleName>
                <lastName>Colchester Global Investors (Bermuda) Limited</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Century House</street1>
                <street2>16 Par-la-Ville Road</street2>
                <city>Hamilton</city>
                <stateOrCountry>D0</stateOrCountry>
                <zipCode>HM 08</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Operations Manager and Distributor</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ian</firstName>
                <middleName></middleName>
                <lastName>Sims</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Heathcoat House</street1>
                <street2>20 Savile Row</street2>
                <city>London</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>W1S 3PR</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Alternate to Mr. Edward Wong</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-05-043691</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2005-08-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>137000000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>7</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Customary advisory and operations fees are paid by the issuer to the investment manager and operations manager (as applicable), as provided for in the issuer's offering materials.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Colchester Alpha Fund Bermuda Ltd</issuerName>
                <signatureName>/s/ Edward Y.H. Wong</signatureName>
                <nameOfSigner>Edward Y.H. Wong</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2009-02-12</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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