Ursa Fund Management LLC (Orinda)

Ursa Fund Management LLC is a large advisory firm based in Orinda. It manages $716.09 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Ursa Fund 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.

Ursa Fund Management: assets under management

The assets under management (AUM) of Ursa Fund Management LLC is $716.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 200% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $716.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $716.09 million each.

Ursa Fund Management has custody of $716.09 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ursa Fund Management LLC for their services and products based on 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 Ursa Fund Management serves?

The only and largest group of clients of Ursa Fund Management is pooled investment vehicles with 1 clients and $716.09 million of assets under management. Among the 9 most similar advisory firms, Ursa Fund Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $716.09 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Ursa Fund Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Ursa Fund Management LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Andrew Philip Hahn	Managing member, cco	1 Feb 2016	50% - 75%	5330348
Russell Palmer Douglas	Managing member	1 Feb 2016	50% - 75%	5875454

Based in Orinda

The principal office where Ursa Fund Management LLC performs its advisory services is located at 51 Moraga Way, Orinda, CA 94563, 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 415-529-6040. The normal business hours are 6:00 am - 1:30 pm on Monday - Friday.