Concord International Investments, L.P. (New York)

Name: Concord International Investments, L.P.
Address: 6 East 45 Th Street, New York, NY, 10017
Telephone: 212-759-2375

Concord International Investments, L.P. is a large advisory firm based in New York. It manages $176.29 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2001.

Concord International Investments provides portfolio management for individuals and small businesses and 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.

Concord International Investments: assets under management

The assets under management (AUM) of Concord International Investments, L.P. is $176.29 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -69% since the beginning of its operation, and $176.21 million of the total AUM is attributable to clients outside of the United States.

The firm manages $176.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $44.07 million each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Concord International Investments, L.P. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mohamed Saleh Younes serves?

The only and largest group of clients of Mohamed Saleh Younes is pooled investment vehicles with 3 clients and $176.21 million of assets under management. Among the 9 most similar advisory firms, Concord International Investments has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $176.21 million for 3 clients. 75% of the firm’s clients are foreign persons or businesses.

Concord International Investments also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Concord International Investments, L.P.

The company employs 22 people that are either part- or full-time employees. 55 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.

Mohamed Saleh Younes has been acting as President since 1 Nov 1988. Jeremy Louis Hirsh joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Concord International Investments Group	Limited partner	1 Nov 1988	75% - 100%	13-3443767
Tk International Corporation	General partner	1 Nov 1988	Other	13-3399183
Mohamed Saleh Younes	Chairman	1 Nov 1988	Other	805407
Saleh Tarek Younes	Vice president of general partner	1 Nov 1988	Other	4664773
Werner Robert Genieser	Managing director	1 Jun 1989	Other	220672
Laraine Villapiano	Portfolio manager	1 Jun 1989	Other	2234212
Abbas Hilmi	Chairman, investment committee	1 May 1996	Other	1574259
Laura Osman	Director	1 May 2000	Other	2036080
L.P. Concord International Investments Group	Limited partner	1 Dec 2000	75% - 100%	13-3443767
Tk International Corporation	General partner	1 Dec 2000	Other	13-3399183
John Andrew Skvarla	Chief compliance officer	1 Oct 2004	Other	4644823
Thomas Paul Pennino	Chief compliance officer	1 Oct 2004	Other	4644823
Laura Osman	Senior managing director	1 May 2005	Other	2036080
Thomas Paul Pennino	Chief financial officer	1 Jun 2006	Other	2006798
Pioneers Holdings For Financial Investments	Limited partner	1 Aug 2008	Other	foreign entity
Peter Joseph Hofbauer	Chief operating officer	1 Mar 2009	Other	4346443
Peter Francis Twomey	Chief compliance officer	1 May 2010	Other	1606407
Jeremy Louis Hirsh	Chief compliance officer	1 Jan 2018	Other	6079717

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mohamed Saleh Younes	President	1 Mar 1987	75% - 100%	805407
L.P. Concord International Holdings	Limited partner	1 Nov 1998	75% - 100%	13-4052773
T.K. International Llc	General partner	1 Nov 2001	Other	13-4199821
T.K. International Corporation	Majority shareholder	1 Nov 2001	50% - 75%	13-3399183

Based in New York

The principal office where Concord International Investments, L.P. performs its advisory services is located at 6 East 45 Th Street, New York, NY 10017, 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 212-759-2375 or by fax 212-759-2553. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at concordus.com.