Cormorant Asset Management, Lp
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Overview
Cormorant Asset Management, Lp is a financial advisor firm located in Boston, Massachusetts. The firm oversees $3.1 billion in total assets over 12 client accounts, placing it among the largest firms in the United States by assets under management (AUM). The firm has a small team, including 3 financial advisors. Cormorant Asset Management, Lp is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments like bonds, options and stocks.
Cormorant Asset Management, Lp oversees all of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell choices are made by an investment advisor without needing to seek the client's approval. The firm's typical account size is $259.8 million. The typical financial advisor at Cormorant Asset Management, Lp manages around four client accounts, placing it among the most personalized advisor firms in the country.
The firm's headquarters is at 200 Clarendon Street, Boston, Massachusetts 2116. It is registered to provide services to customers in the state of Massachusetts.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Cormorant Asset Management, Lp by the Numbers
$3.1 billion
13
12
$259.8 million
Fee Structure
Financial advisory fees usually depend on which services the firm provides the client. Fees charged by the company can include the following fee types: asset-based or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with pooled investment vehicles and other. Out of its 12 customers, Cormorant Asset Management, Lp's largest client by number of accounts is pooled investment vehicles. Around 58% of the firm's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Cormorant Asset Management, Lp does not have any disclosures.
Please visit its Form ADV for more details.
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