Global Endowment Management, LP is a large advisory firm based in Charlotte. It manages $8.3 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of North Carolina.
Global Endowment 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.
The assets under management (AUM) of Global Endowment Management, LP is $8.3 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 131% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Global Endowment Management, LP for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Thruston Ballard Morton is pooled investment vehicles with 13 clients and $5.59 billion of assets under management. Among the 6 most similar advisory firms, Global Endowment Management has the 2nd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $8.3 billion for 25 clients. 4% of the firm’s clients are foreign persons or businesses.
Global Endowment Management also advises several private funds. Namely, forty six hedge funds, two liquidity funds, one real estate fund, and four private equity funds.
The company employs 49 people that are either part- or full-time employees. 35 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.
Thruston Ballard Morton has been acting as President since 1 Jan 2018. Michael David Smith has served as the Chief Investment Officer since 1 Nov 2013. Joseph Porter Durham joined the executive team most recently as the Vice Chairman, Managing Partner, General Counsel And Chief Operations Officer.
The principal office where Global Endowment Management, LP performs its advisory services is located at 550 South Tryon Street, Charlotte, NC 28202 4017, 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 704-333-8282 or by fax 704-333-8211. The normal business hours are 8:00am - 5:30pm on Monday - Friday. You can find more information about the New York firm at globalendowment.com.