Iguana Healthcare Management, LLC (New York)

Name: Iguana Healthcare Management, LLC
Address: 551 Fifth Avenue, New York, NY, 10176
Telephone: 646.564.2300

Iguana Healthcare Management, LLC is a large advisory firm based in New York. It manages $223.6 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2011.

Iguana Healthcare Management 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.

Iguana Healthcare Management: assets under management

The assets under management (AUM) of Iguana Healthcare Management, LLC is $223.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 453% since the beginning of its operation, and $150 million of the total AUM is attributable to clients outside of the United States.

The firm manages $223.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.9 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Iguana Healthcare Management, 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 Iguana Healthcare Management serves?

The only and largest group of clients of Iguana Healthcare Management is pooled investment vehicles with 4 clients and $223.6 million of assets under management. Among the 10 most similar advisory firms, Iguana Healthcare Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $223.6 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Iguana Healthcare Management 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 Iguana Healthcare Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 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
Norman Stanton Schleifer	Cfo, coo, cco	1 Jan 2010	25% - 50%	2256016
Stuart Terry Weisbrod	Managing member	1 Jan 2010	50% - 75%	1537204
Stephen Taubenfeld	Partner	1 Jan 2010	Other	5910560
Daniel Chai	Partner	1 Apr 2012	25% - 50%	2833621

Based in New York

The principal office where Iguana Healthcare Management, LLC performs its advisory services is located at 551 Fifth Avenue, New York, NY 10176, 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 646.564.2300 or by fax 646.564.2301. The normal business hours are 8:00am - 5:00pm et on Monday - Friday. You can find more information about the New York firm at iguanahealthcare.com.