Venbio Select Advisor LLC (New York)

Name: Venbio Select Advisor LLC
Address: 110 Greene Street, New York, NY, 10012
Telephone: 212-937-4970

Venbio Select Advisor LLC is a large advisory firm based in New York. It manages $2.25 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012.

Venbio Select Advisor provides portfolio management for individuals and small businesses and 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.

Venbio Select Advisor: assets under management

The assets under management (AUM) of Venbio Select Advisor LLC is $2.25 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1008% since the beginning of its operation, and $1.08 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.25 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $749.68 million each.

Venbio Select Advisor has custody of $2.19 billion in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 27% of the firm’s portfolio. Investments in non-exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Venbio Select Advisor 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 Venbio Select Advisor serves?

The only and largest group of clients of Venbio Select Advisor is pooled investment vehicles with 2 clients and $2.19 billion of assets under management. Among the 8 most similar advisory firms, Venbio Select Advisor has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.19 billion for 2 clients. 33% of the firm’s clients are foreign persons or businesses.

Venbio Select Advisor 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 Venbio Select Advisor LLC

The company employs 9 people that are either part- or full-time employees. 56 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
Konrad Hans Von Emster	Managing member/chief compliance officer	1 Sep 2009	75% - 100%	1993722
Konrad Hans Vonemster	Manager	1 Sep 2009	25% - 50%	1993722
Behzad Aghazadeh	Portfolio manager	1 Jul 2011	Other	5195130
Robert Adelman	Manager	1 Jan 2013	25% - 50%	6192897
Corey S. Goodman	Manager	1 Jan 2013	25% - 50%	6311752
Paul Alan Brooke	Manager	1 Jan 2013	25% - 50%	826168
Robert Adelman	Manager and cco	1 Apr 2013	25% - 50%	6192897
Scott Andrew Epstein	Chief financial officer and chief compliance officer	1 Jun 2014	Other	2440142
Behzad Aghazadeh	Managing director	1 Sep 2017	Other	5195130
Venbio Select Advisor L.P.	Direct owner	1 Sep 2017	75% - 100%	37-1872933
Avoro Capital L.P.	Direct owner	1 May 2019	75% - 100%	00-0000000

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Venbio Select Advisor Management Holdings Gp	General partner	1 Sep 2017	Other	82-3182943
Behzad Aghazadeh	Limited partner	1 May 2019	50% - 75%	5195130
Avoro Capital Gp Llc	General partner	1 May 2019	Other	00-0000000
Garheng Albert Kong	Member	1 May 2019	50% - 75%	6046495

Based in New York

The principal office where Venbio Select Advisor LLC performs its advisory services is located at 110 Greene Street, New York, NY 10012, 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 212-937-4970 or by fax 646-757-2710. The normal business hours are 8 am to 6 pm on Monday - Friday. You can find more information about the New York firm at venbio.com.