Redmile Group, LLC is a large advisory firm based in San Francisco. It manages $5.45 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California and New York.
Redmile Group 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.
The assets under management (AUM) of Redmile Group, LLC is $5.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 49428% since the beginning of its operation, and $3.79 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Redmile Group, 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.
The only and largest group of clients of Redmile Group is pooled investment vehicles with 16 clients and $4.62 billion of assets under management. Among the 8 most similar advisory firms, Redmile Group has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $4.62 billion for 16 clients. 67% of the firm’s clients are foreign persons or businesses.
Redmile Group also advises several private funds. Namely, six hedge funds and six venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $50,000,000.
The company employs 29 people that are either part- or full-time employees. 55 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.
The principal office where Redmile Group, LLC performs its advisory services is located at One Letterman Drive, San Francisco, CA 94129, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-489-9980 or by fax 415-520-5516. The normal business hours are 7:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at redmilegroup.com.