Ghost Tree Capital, LLC (New York)

Ghost Tree Capital, LLC is a large advisory firm based in New York. It manages $537.67 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Ghost Tree Capital provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ghost Tree Capital: assets under management

The assets under management (AUM) of Ghost Tree Capital, LLC is $537.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 108% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $537.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $67.21 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ghost Tree Capital, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ghost Tree Capital serves?

The only and largest group of clients of Ghost Tree Capital is pooled investment vehicles with 8 clients and $537.67 million of assets under management. Among the 6 most similar advisory firms, Ghost Tree Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $537.67 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Ghost Tree Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Ghost Tree Capital, LLC

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Young Jae Kim	Portfolio manager, managing member	1 Feb 2013	75% - 100%	4670396
Christine Janie Lay	Member	1 Feb 2013	Other	6300852
David Y Kim	Portfolio manager, managing member	1 Feb 2013	75% - 100%	4670396
Brian Jin An Tsai	Chief financial officer, chief operating officer and chief compliance officer	1 Sep 2014	Other	4397294
Brian J Tsai	Chief financial officer, chief operating officer and chief compliance officer	1 Sep 2014	Other	4397294
Lp Ghost Tree Capital Management	Owner	1 Jun 2015	75% - 100%	47-4325162
Matthew James Diaz	Chief compliance officer	1 Jul 2018	Other	4866300
Matthew James Diaz	Chief financial officer, chief operating officer, chief compliance officer	1 Aug 2018	Other	4866300

Based in New York

The principal office where Ghost Tree Capital, LLC performs its advisory services is located at 150 East 52 Nd St., New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-779-0120. The normal business hours are 8 a.m. to 6 p.m. on Monday - Friday.