Open Door Investment Management Ltd. (Pudong Shanghai)

Name: Open Door Investment Management Ltd.
Address: 1601 Citigroup Tower, Pudong Shanghai, 200120
Telephone: (86)(21)61017800

Open Door Investment Management Ltd. is a large advisory firm based in Pudong Shanghai. It manages $273.41 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2016.

Open Door Investment Management provides 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.

Open Door Investment Management: assets under management

The assets under management (AUM) of Open Door Investment Management Ltd. is $273.41 million. The firm's AUM has gone down by -33% since the beginning of its operation, and $267.3 million of the total AUM is attributable to clients outside of the United States.

The firm manages $267.3 million in discretionary accounts and $6.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $44.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.12 million.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Open Door Investment Management Ltd. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bin Wu serves?

The only and largest group of clients of Bin Wu is pooled investment vehicles with 5 clients and $226.85 million of assets under management. Among the 12 most similar advisory firms, Open Door Investment Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $226.85 million for 5 clients. 86% of the firm’s clients are foreign persons or businesses.

Open Door Investment Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $75,000 to $100,000.

Careers at Open Door Investment Management Ltd.

The company employs 18 people that are either part- or full-time employees. 44 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.

Bin Wu has been acting as President since 1 Nov 2017. Shifeng Ke has served as the Chief Investment Officer since 1 Oct 2011 and Christopher Bentham Ruffle is the Chief Executive Officer of Open Door Investment Management Ltd. family office. Lusine Moshkounian joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ltd. Open Door Capital Management	Shareholder	1 Jul 2011	75% - 100%	98-1015401
Christopher Bentham Ruffle	Chief executive officer	1 Oct 2011	Other	4743207
Shifeng Ke	Chief investment officer	1 Oct 2011	Other	5075508
Charles James Daly	Chief compliance officer	1 Nov 2015	Other	5259860
Shifeng Ke	Chief executive officer and chief investment officer	1 Nov 2017	Other	5075508
Carman K Leung	Chief compliance officer	1 Nov 2017	Other	3082978
Ltd. Open Door Capital Management	Sole shareholder	1 Nov 2017	75% - 100%	98-1015401
Bin Wu	Director	1 Nov 2017	Other	6931641
Lusine Moshkounian	Chief compliance officer	1 Jun 2018	Other	3023317

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Bentham Ruffle	Shareholder	1 Feb 2000	75% - 100%	4743207
Ltd. Open Sesame Investments	Shareholder	1 Jul 2011	75% - 100%	foreign entity
Shifeng Ke	Shareholder	1 Jul 2011	75% - 100%	5075508
Ltd. Abracadabra Investments	Shareholder	1 Jul 2011	50% - 75%	foreign entity
Christopher Bentham Ruffle	Shareholder	1 Jul 2011	50% - 75%	4743207
Jam Tomorrow	Shareholder	1 Jan 2017	50% - 75%	foreign entity
Ltd. Open Sesame Investments	Sole shareholder	1 Nov 2017	75% - 100%	foreign entity

Based in Pudong Shanghai

The principal office where Open Door Investment Management Ltd. performs its advisory services is located at 1601 Citigroup Tower, Pudong Shanghai, 200120 The mailing address of the firm is 455 Market Street, San Francisco, CA 94105. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number (86)(21)61017800 or by fax (86)(21)61017801. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at odfund.com.