UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:         March 31, 2008

Check here if Amendment [  ]; Amendment Number:
    This Amendment (Check only one.):
                                                 [  ] is a restatement.
                                                 [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     Fairfield Greenwich (Bermuda) Ltd.
Address:  12 Church Street
          Suite 606
          Hamilton, Bermuda HM 11


Form 13F File Number: 28-10764

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Mark McKeefry
Title:   General Counsel
Phone:   (212) 319-6060

Signature, Place, and Date of Signing:

   /s/ Mark McKeefry                 New York, NY              May 14, 2008
- ----------------------------   --------------------------   ------------------
       [Signature]                   [City, State]                [Date]

Report Type (Check only one.):

[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
    are reported in this report.)

[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
    and all holdings are reported by other reporting manager(s).)

[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
    this reporting manager are reported in this report and a portion are
    reported by other reporting manager(s).)


List of Other Managers Reporting for this Manager:
None






                              FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:                  0

Form 13F Information Table Entry Total:             0

Form 13F Information Table Value Total:             0
                                                    (thousands)


List of Other Included Managers:

None





















                                                      FORM 13F INFORMATION TABLE

                                                                                         

COLUMN I       COLUMN 2       COLUMN 3     COLUMN 4            COLUMN 5         COLUMN 6       COLUMN 7           COLUMN 8
- --------       --------       --------     --------            --------         --------       --------           --------

                                                         SHRS OR
NAME OF        TITLE OF                     VALUE          PRM     SH/   PUT/   INVESTMENT       OTHER          VOTING AUTHORITY
ISSUER          CLASS          CUSIP       (X$1000)        AMT     PRN   CALL   DISCRETION      MANAGERS      SOLE  SHARED   NONE
- -------        ---------       -----       --------     ---------  ---   ----   ----------      --------      ----  ------   ----