Healthcor Management L.P. (New York)

Healthcor Management L.P. is a large advisory firm based in New York. It manages $4.2 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Connecticut, Delaware, New York, and South Carolina.

Healthcor Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Healthcor Management: assets under management

The assets under management (AUM) of Healthcor Management L.P. is $4.2 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -16% since the beginning of its operation, and $2.26 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.2 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $323.28 million each.

Healthcor Management has custody of $4.2 billion in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in derivatives form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Healthcor Management L.P. 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 Healthcor Management serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Healthcor Management is pooled investment vehicles with 7 clients and $2.01 billion of assets under management. Among the 8 most similar advisory firms, Healthcor Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.2 billion for 13 clients. 54% of the firm’s clients are foreign persons or businesses.

Healthcor Management also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Healthcor Management L.P.

The company employs 30 people that are either part- or full-time employees. 47 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
Joseph Patrick Healey	Partner and co-ceo	1 Sep 2005	50% - 75%	5983602
Arthur B Cohen	Partner and co-ceo	1 Sep 2005	50% - 75%	1547318
Llc Healthcor Associates	General partner of healthcor management, lp	1 Sep 2005	Other	20-2891849
Arthur Bruce Cohen	Partner and co-ceo	1 Sep 2005	50% - 75%	1547318
Steven J Musumeci	Chief operating officer	1 Sep 2005	Other	5983745
Christine Clarke	Chief financial officer	1 Apr 2007	Other	5983587
John H Coghlin	Chief compliance officer and general counsel	1 Jul 2007	Other	3095574
Anabelle Perez Gray	Chief compliance officer and general counsel	1 Jul 2013	Other	5522249
Avi Daniel Horev	Senior partner, portfolio manager	1 Apr 2014	Other	2919814

Based in New York

The principal office where Healthcor Management L.P. performs its advisory services is located at 55 Hudson Yards, New York, NY 10001, which is also the mailing address of the firm. An additional office of the firm is in Norwalk, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-622-7800 or by fax 646-808-3131. The normal business hours are 8am - 6pm on Monday - Friday.