Acon Funds Management, LLC (Washington)
Acon Funds Management, LLC is a related adviser based in Washington. It manages $85.64 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California and District of Columbia.
Acon Funds 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.
Acon Funds Management: assets under management
The assets under management (AUM) of Acon Funds Management, LLC is $85.64 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -87% since the beginning of its operation, and $9.44 million of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Acon Funds Management, LLC for their services and products based on a percentage of assets under management 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 Acon Funds Management serves?
The only and largest group of clients of Acon Funds Management is pooled investment vehicles with 3 clients and $85.64 million of assets under management. Among the 3 most similar advisory firms, Acon Funds Management has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $85.64 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.
Acon Funds Management also advises several private funds. Namely, three private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $5,000,000.
Careers at Acon Funds Management, LLC
The company employs 40 people that are either part- or full-time employees. 60 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.
Direct owners and executive officers
Based in Washington
The principal office where Acon Funds Management, LLC performs its advisory services is located at 1133 Connecticut Ave Nw, Washington, DC 20036, 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 202-454-1100 or by fax 202-454-1101. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at aconinvestments.com.
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