{
  "crd_number": 124513,
  "slug": "opaleye-management-inc-boston-ma-124513",
  "primary_business_name": "OPALEYE MANAGEMENT INC.",
  "legal_name": "OPALEYE MANAGEMENT INC.",
  "dbas": [],
  "city": "Boston",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2013-10-29",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-02-19",
  "carried_forward": false,
  "raum_total": 802773181.0,
  "raum_discretionary": 802773181.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 789221306.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 13551875.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "MA",
    "NY"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124513",
  "disclosure_items": [
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/opaleye-management-inc-boston-ma-124513",
  "display_name": "Opaleye Management Inc.",
  "summary": "Opaleye Management Inc. is an SEC-registered investment advisory firm in Boston, MA, registered since 2013, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 19, 2026.",
  "citation": "AdvisorCensus. Opaleye Management Inc. (CRD 124513): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Opaleye Management Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Opaleye Management Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Opaleye Management Inc. located?",
      "a": "Opaleye Management Inc.'s principal office is in Boston, MA, according to its Form ADV."
    },
    {
      "q": "Is Opaleye Management Inc. registered with the SEC or a state?",
      "a": "Opaleye Management Inc. is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 124513."
    },
    {
      "q": "How much does Opaleye Management Inc. manage?",
      "a": "Opaleye Management Inc. reports $802,773,181 in regulatory assets under management in its Form ADV filing dated February 19, 2026 (100% discretionary)."
    },
    {
      "q": "How have Opaleye Management Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Opaleye Management Inc.: Regulatory assets under management: $833,440,399 in the October 2021 data and $802,773,181 in the October 2026 data, down 4%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Opaleye Management Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1); corporations or other businesses not listed above (1)."
    },
    {
      "q": "Does Opaleye Management Inc. report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124513"
    },
    {
      "q": "Does Opaleye Management Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 19, 2026 says: \"There is a $1,000,000 minimum investment amount requirement to invest in the fund, however, Opaleye may accept less at its discretion.\""
    },
    {
      "q": "What changed in Opaleye Management Inc.'s recent Form ADV filings?",
      "a": "In the March 2026 filing data: Its Item 11 disclosure answers changed. Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $639,571,499 to $802,773,181 (+26%). Registered or notice-filed in NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 833440399.0,
      "total_employees": 3,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 572206000.0,
      "total_employees": 3,
      "filing_date": "2022-04-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 421979116.0,
      "total_employees": 3,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 432480569.0,
      "total_employees": 4,
      "filing_date": "2024-03-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 639571499.0,
      "total_employees": 3,
      "filing_date": "2025-07-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 802773181.0,
      "total_employees": 4,
      "filing_date": "2026-02-19"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Its Item 11 disclosure answers changed.",
        "Employees performing advisory functions went from 3 to 4.",
        "Regulatory assets under management went from $639,571,499 to $802,773,181 (+26%).",
        "Registered or notice-filed in NY."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 19, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "There is a $1,000,000 minimum investment amount requirement to invest in the fund, however, Opaleye may accept less at its discretion."
        ]
      }
    ],
    "quotes": [
      "There is a $1,000,000 minimum investment amount requirement to invest in the fund, however, Opaleye may accept less at its discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/opaleye-management-inc-boston-ma-124513.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 789221306.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 13551875.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124513",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}