Global Credit Advisers, LLC (New York)

Name: Global Credit Advisers, LLC
Address: 100 Park Avenue, 35 Th Floor, New York, NY, 10017
Telephone: 212-949-1860

Global Credit Advisers, LLC is a large advisory firm based in New York. It manages $634.08 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of New York.

Global Credit Advisers 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 Credit Advisers: assets under management

The assets under management (AUM) of Global Credit Advisers, LLC is $634.08 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 5536% since the beginning of its operation, and $530.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $634.08 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $79.26 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Global Credit Advisers, LLC 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.

What kind of clients Global Credit Advisers serves?

The only and largest group of clients of Global Credit Advisers is pooled investment vehicles with 8 clients and $634.08 million of assets under management. Among the 4 most similar advisory firms, Global Credit Advisers has the 2nd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $634.08 million for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Global Credit Advisers also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Global Credit Advisers, LLC

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Hornstein Family Limited Partnership Ii joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Hornstein	Chief executive officer	1 Mar 2008	50% - 75%	1019559
John Robert Fusek	Managing director	1 Mar 2008	Other	1831955
Timothy Paul Finn	Chief compliance officer	1 Mar 2008	Other	1642506
Brian Leslie Hessel	Chief operating officer	1 Jun 2008	Other	2426000
Timothy Paul Finn	Chief compliance officer	1 Jun 2008	Other	1642506
Daniel John Charleston	Managing director	1 Jun 2008	Other	1735767
The Hornstein Family Limited Partnership	Member	1 Jun 2008	Other	20-0811418
Daniel John Charleston	Senior adviser	1 Jul 2013	Other	1735767
Hornstein Family Limited Partnership Ii	Member	1 Jul 2014	Other	47-1335765
Paul Joseph Accardi	Chief financial officer	1 Jul 2014	Other	6463341

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven S Hornstein Descendants Trust Fbo Jake Ii	Limited partner, trustee	1 Jul 2014	25% - 50%	47-6372854
Steven S Hornstein Descendants Trust Fbo Jaclyn Ii	Limited partner, trustee	1 Jul 2014	25% - 50%	47-6374757
Steven Hornstein	Limited partner	1 Jul 2014	25% - 50%	1019559

Based in New York

The principal office where Global Credit Advisers, LLC performs its advisory services is located at 100 Park Avenue, 35 Th Floor, 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 212-949-1860 or by fax 212-949-6219. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at globalcreditadvisers.com.