DEERFIELD MANAGEMENT CO Profile
Deerfield Management Co. is a hedge fund sponsor based out of New York City, New York. The company was originally established in 1994 by founder Arnold Snider, who no longer has an active role in the company after his retirement in 2005. The company conducts its reseach internally and also utilizes external research to supplement its in-house operations. Deerfield Management utilizes a fundamental methodology to make its investment decisions, investing in the stocks of large cap and growth companies in the public equity markets within the U.S. The company invests most heavily in the health care sector, which alone makes up well over three quarters of its total asset allocations, and also invests in the finance, consumer staples, information technology, and other sectors to a lesser degree, in order of decreasing allocation. Deerfield Management states that it “makes healthcare progress possible by connecting capital to opportunity.” The company utilizes its history of experience within the health care industry to “appreciate opportunity even when complex financial, legislative, regulatory and competitive pressures are present.” The firm utilizes “flexible, tailored and often unexpected financing options” executed through its investment philosophy defined by “collaboration, intellectual curiosity and pragmatism.” Deerfield Management has grown from its $17 million equity inception to now manage over $7.4 billion in total assets under management spread across 15 accounts, all of which are discretionary. Both of the company’s total number of accounts and total assets under management have been increasing in recent years with its total number of accounts increasing by 4 since 2012 and its total assets under management growing from $3.4 billion four years ago to well over twice that amount today. Deerfield Management currently provides services exclusively to pooled investment vehicles. The company takes advisory fees in the form of a percentage of assets and various performance based fees.