Orbimed Advisors LLC is a large advisory firm based in New York. It manages $14.9 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, New York, and Texas.
Orbimed Advisors 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.
The assets under management (AUM) of Orbimed Advisors LLC is $14.9 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 542% since the beginning of its operation, and $8.89 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Orbimed Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Orbimed Advisors is pooled investment vehicles with 23 clients and $14.9 billion of assets under management. Among the 6 most similar advisory firms, Orbimed Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $14.9 billion for 23 clients. 57% of the firm’s clients are foreign persons or businesses.
Orbimed Advisors also advises several private funds. Namely, four hedge funds, eleven other private funds, and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.
The company employs 91 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
The principal office where Orbimed Advisors LLC performs its advisory services is located at 601 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-739-6400 or by fax 212-739-6444. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at orbimed.com.