9AT: GHOST TREE CAPITAL

GHOST TREE CAPITAL

other names

Revenue	{{ Info.Revenue \| formatUSD }}
Headquarters	{{ Info.Headquarters }}

Adviser Profile

Registration status

Terminated

As of Date	02/01/2025
Adviser Type - Large advisory firm
Number of Employees	8 33.33%
of those in investment advisory functions	5 66.67%

AUM^*	359,964,950 -13.25%
of that, discretionary	359,964,950 -13.25%
Private Fund GAV^*	0 -100.00%
Avg Account Size	59,994,158 15.67%
SMA’s	No
Private Funds	0 1
Contact Info	646 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

Discretionary

Non-discretionary

735M 630M 525M 420M 315M 210M 105M

2016 2017 2018 2019 2020 2021 2022 2023

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Ghost Tree Capital, LLC (“Ghost Tree Capital”) is a Delaware limited liability company with its principal place of business in New York. Ghost Tree Capital began doing business in April of 2013. Ghost Tree Capital Group, LP, a Delaware limited partnership formed in June 2018 (“Ghost Tree Capital Group,” together with Ghost Tree Capital and their affiliates, “Ghost Tree” or the “Firm”), is a “Relying Adviser,” as defined in the Glossary to Form ADV, with respect to Ghost Tree Capital. The principal owner of Ghost Tree is David Kim (the “Principal”). However, it is important to note that Edward Kim has 40% ownership over Ghost Tree Capital Group. Ghost Tree provides discretionary investment advisory services to private funds: Ghost Tree Partners, LP, Ghost Tree Capital International, Ltd., and Ghost Tree Master Fund, LP (collectively the “Fund” or “Funds”). In addition, Ghost Tree also provides discretionary investment sub- advisory services to pooled investment vehicles (“Sub-Advised Funds”). Ghost Tree has in place an investment management agreement with each of the private funds, as well as the Sub-Advised Funds. Ghost Tree is responsible for determining the specific securities and other investments to be bought and sold and arranging the execution of all purchase and sale

orders on behalf of the Funds. Ghost Tree is focused on generating absolute returns in the Funds that aim to be uncorrelated to broader market conditions. Ghost Tree seeks to achieve this objective by utilizing a long/short equity strategy principally focused on the healthcare industry. By leveraging the medical and financial experience of the Principal and other investment personnel, Ghost Tree expects to pursue investments primarily in the areas of biotechnology, pharmaceuticals, medical devices and supplies and healthcare services. However, Ghost Tree generally has broad and flexible investment authority with respect to the Funds. Ghost Tree generally does not permit investors in the Funds to impose limitations on the investment activities described in the offering documents for the Ghost Tree Funds. Under certain circumstances, Ghost Tree will contract with a client to adhere to limited risk and/or operating guidelines imposed by the client. Ghost Tree negotiates such arrangements on a case by case basis. Ghost Tree does not participate in wrap fee programs. As of December 31, 2023, Ghost Tree managed approximately $359,964,950 of client regulatory assets on a discretionary basis. Ghost Tree does not currently manage any client assets on a non- discretionary basis.