Global Endowment Management, LP (Charlotte)

Name: Global Endowment Management, LP
Address: 550 South Tryon Street, Charlotte, NC, 28202 4017
Telephone: 704-333-8282

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.

Global Endowment Management: assets under management

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 firm manages $8.3 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $331.9 million each.

Global Endowment Management has custody of $8.3 billion in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

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. 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 Thruston Ballard Morton serves?

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.

Careers at Global Endowment Management, LP

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thruston Ballard Morton	Chief executive officer	1 Mar 2007	Other	3081964
Joseph Porter Durham	Chief legal officer and chief operations officer	1 May 2007	Other	6022336
Llc Gem Gp	General partner	1 Jul 2007	Other	20-8178452
Lp Global Endowment Partners	Limited partner	1 Jul 2007	75% - 100%	26-1305906
Llc Nwhx	Limited partner	1 Jul 2007	Other	26-0206537
Richard S Abraham	Chief financial officer and chief compliance officer	1 Jan 2010	Other	2506581
Michael David Smith	Chief investment officer	1 Nov 2013	Other	6271234
Thruston Ballard Morton	Chairman	1 Jan 2018	Other	3081964
Joseph Porter Durham	Vice-chairman, managing partner, general counsel and chief operations officer	1 Jan 2018	Other	6022336

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stanley Logan Baty	Managing member	1 May 2007	Other	2370699
Thruston Ballard Morton	Limited partner	1 Jul 2007	50% - 75%	3081964
Llc Brenden Family Growth Fund	Member	1 Jul 2007	25% - 50%	25-0449260
Brenden L Norman	Managing member	1 Jul 2007	50% - 75%	6026937

Based in Charlotte

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.