First Turn Management provides investment advice to private funds and separate accounts, focusing on healthcare and therapeutics-related investments. The firm combines top-down evaluation of emerging technologies with fundamental research. First Turn is owned by entities controlled by Lisa Wheatley and employees/officers of IQHQ, Inc. First Turn also provides healthcare research services to Nicholas Investment Partners.
Fee Structure
First Turn Management's fees are based on a percentage of assets under management and/or the performance of the account. The specific fees for private funds are detailed in the fund's governing documents. Fees for separate accounts are individually negotiated and described in the investment management agreement, generally including a management fee and a performance allocation subject to a hurdle. Certain investors may have higher management or performance fees than others.