Discerene Group LP is a large advisory firm based in Stamford. It manages $883.49 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Connecticut.
Discerene Group provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. 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 Discerene Group LP is $883.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 257% since the beginning of its operation, and $133.6 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Discerene Group LP 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.
The only and largest group of clients of Soo Chuen Tan is pooled investment vehicles with 9 clients and $747.36 million of assets under management. Among the 11 most similar advisory firms, Discerene Group has the 5th lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $747.36 million for 9 clients. 10% of the firm’s clients are foreign persons or businesses.
Discerene Group also advises several private funds. Namely, eight hedge funds. The minimum investment commitment required of non-related persons ranges from $4,000,000 to $5,000,000.
The company employs 8 people that are either part- or full-time employees. 88 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.
Soo Chuen Tan has been acting as President since 1 Aug 2014. William Christopher Verdi joined the executive team most recently as the Chief Compliance Officer/Chief Financial Officer.
The principal office where Discerene Group LP performs its advisory services is located at 2777 Summer St., Stamford, CT 06905, 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 203-724-9955. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.