Dafna Capital Management, LLC (Los Angeles)


Dafna Capital Management, LLC is a large advisory firm based in Los Angeles. It manages $388.91 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of California.

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Dafna Capital Management provides 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.

Dafna Capital Management: assets under management

The assets under management (AUM) of Dafna Capital Management, LLC is $388.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 85% since the beginning of its operation, and $117.25 million of the total AUM is attributable to clients outside of the United States.


The firm manages $388.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $97.23 million each.
Dafna Capital Management has custody of $388.91 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dafna Capital Management, LLC 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 Dafna Capital Management serves?

The only and largest group of clients of Dafna Capital Management is pooled investment vehicles with 4 clients and $388.91 million of assets under management. Among the 9 most similar advisory firms, Dafna Capital Management has the highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $388.91 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

Dafna Capital Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Dafna Capital Management, LLC

The company employs 6 people that are either part- or full-time employees. 83 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.

Fariba Fischel Ghodsian has served as the Chief Investment Officer since 1 Nov 2002 and Nathan Fischel is the Chief Executive Officer of Dafna Capital Management, LLC family office. Xun Lin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Nathan Fischel Chief executive officer 1 Feb 2000 Other 4732394
Fariba Fischel Ghodsian Chief investment officer 1 Nov 2002 Other 2760694
Inc. Dansu Member 1 Jan 2005 Other 36-4048870
The Fischel Ghodsian Family Trust Member 1 Jan 2005 75% - 100% 20-6414714
Braeside Trust Member 1 Jan 2005 Other 20-6669050
D3 Trust Member 1 Jan 2006 50% - 75% 20-7206017
Mandana Hedayat Chief compliance officer 1 Mar 2007 Other 4953896
L.P. Dafna Holdings Member 1 Jan 2013 75% - 100% 90-1007703
Howard Ian Nurtman Chief compliance officer 1 Jun 2014 Other 5874437
Xun Lin Chief compliance officer 1 Nov 2017 Other 6931171

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Daniel Bruce Asher Shareholder and president 1 Oct 1995 75% - 100% 1645627
Nathan Fischel Trustee 1 Apr 1999 75% - 100% 4732394
Fariba Fischel Ghodsian Trustee 1 Apr 1999 75% - 100% 2760694
Susan V. Asher Trustee 1 Jan 2005 75% - 100% 5129687
The Fischel Ghodsian Family Trust Limited partner 1 Jan 2013 75% - 100% 20-6414714
D3 Trust Limited partner 1 Jan 2013 75% - 100% 20-7206017
Dafna Holdings Corp. General partner 1 Jan 2013 Other 46-3302564

Based in Los Angeles

The principal office where Dafna Capital Management, LLC performs its advisory services is located at 10990 Wilshire Boulevard, Los Angeles, CA 90024, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-954-3200 or by fax 310-445-6594. The normal business hours are 5:30 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at dafnacapital.com.