Private fund adviser · Boston, MA
Cormorant Asset Management, LP
SEC-registered investment adviser · CRD 167820 · SEC 801-79513
At a glance
Cormorant Asset Management, LP is an SEC-registered investment adviser based in Boston, Massachusetts, with $3.8 billion in regulatory assets under management as of its Form ADV filed May 27, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,152nd of 4,686 private fund advisers and 2,471st of 17,210 SEC-registered advisers by assets.
Main office 857-702-0370cormorant-asset.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $3.8B
- Rank among private fund advisers
- #1,152 of 4,686
- Rank among all SEC RIAs
- #2,471 of 17,210
- Rank in Massachusetts
- #165 of 627
- Clients
- 16
- Accounts
- 16
- Discretionary
- 100% of AUM
- Employees
- 12
- Advisory staff
- 3
- Offices
- 1
Owners and executives on its Form ADV
- Bihua ChenManaging Member & Chief Executive Officer
- Nebojsa ObradovicChief Compliance Officer & General Counsel
- Caleb J. TrippChief Financial Officer & Chief Operating Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 15 | $3.8B | 100% |
| Other | 1 | $9M | <1% |
Private funds
Cormorant Asset Management, LP reports 7 private funds with $3.8B in gross assets: hedge funds, private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Cormorant Asset Management, LP reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗cormorant-asset.com ↗
AtlasMembers
The full record on Cormorant Asset Management, LP
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,517 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Cormorant Asset Management, LP manage?
Cormorant Asset Management, LP reports $3.8 billion in regulatory assets under management across 16 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 27, 2026.
What kind of firm is Cormorant Asset Management, LP?
Cormorant Asset Management, LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Cormorant Asset Management, LP’s clients?
By assets, its largest client types are pooled investment vehicles ($3.8 billion, 15 clients); other ($9 million, 1 clients).
Does Cormorant Asset Management, LP manage private funds?
Yes. It reports 7 private funds with $3.8 billion in gross assets, including hedge funds, private equity funds.
Does Cormorant Asset Management, LP have any disciplinary history?
Cormorant Asset Management, LP reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Cormorant Asset Management, LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →