Charles Corm II explained

Charles Corm II
Birth Name:Charles David Corm
Birth Date: January 31, 1974
Birth Place:Beirut, Lebanon
Occupation:Investor
Education:Columbia Business School
Founder and Managing Partner of CORMCO
Known For:Founding CORMCO
Spouse:Lynn Dagher
Children:Carma, David
Parents:David Corm, Maya Shahid
Relatives:Charles Corm (grandfather), Daoud Corm (great-grandfather)

Charles Corm II (born January 31, 1974) is a Lebanese investor who serves as Managing Partner of CCORMCO LLC (referred to as CORMCO), a private investment company he founded in 1998 and focused on public and private companies in the global tech, biotech, and real estate industries.[1] [2] [3] From 1998 to 2005, CORMCO invested in a string of high-profile IPOs, such as Broadcom in 1998 and Nvidia in 1999, these two companies now being, more than 25 years later, among the 10 most valuable technology companies in the world.[4] [5]

Early life

Charles was born on January 31, 1974, in Beirut, Lebanon. His mother, Maya Shahid, is a Lebanese painter and his father, David, is a Lebanese architect and businessman.[6] He is the grandson of Lebanese writer and industrialist Charles Corm. His great-grandfather is Lebanese painter Daoud Corm.

In 1975, when the Lebanese Civil War erupted, his parents sought refuge in Paris, where Charles grew up and attended school at Lycée Saint-Louis-de-Gonzague, a highly selective Jesuit school. He later attended Paris Dauphine University, from which he graduated in 1996 with an MSG in economics, management, and finance.

Charles then earned, in 2003, an M.B.A from Columbia Business School in New York City, where he lived seven years before returning to Beirut, Lebanon in 2003.

Career

Charles started his career in 1997 as a hedge fund analyst, covering US technology and biotechnology stocks on Wall Street. In 1998, he quit his job to found CORMCO.

Through CORMCO, Charles invested in a string of high-profile IPOs, such as Broadcom in 1998 and Nvidia in 1999, these two companies now being, more than 20 years later, among the 10 most valuable technology companies in the world. Other notable investments include Emaar Properties in 2000 (IPO), Qualcomm in 2003, and Biogen in 2005. CORMCO was an early proponent of patient capital, whereas an investor is willing to forgo an immediate return in anticipation of more substantial returns down the road. This strategy helped CORMCO achieve superior investment returns from its inception in 1998 throughout 2024.

Personal life

Charles now lives in Beirut, Lebanon. He is married to Lynn Dagher. They have two children, Carma and David. Charles is also, in his free time, an exhibited digital designer.

External links

Notes and References

  1. Book: Kwatinetz . Mike . Wood . Danielle Kwatinetz . John Wiley & Sons . 978-0-471-43665-2 . en.
  2. Book: Ginsberg, Ari . FB&C Limited . 978-0-243-07486-0 . en.
  3. Web site: Bushnell . Mitch . CORMCO - About . CORMCO LLC . New York City . English.
  4. Book: Huisman, Kuno J. M. . Springer Science & Business Media . 978-0-7923-7487-9 . en.
  5. Web site: Electronic Data Gathering, Analysis, and Retrieval (EDGAR) . sec.gov/cgi-bin/browse-edgar/cormco_llc . 2024-05-25 . www.sec.gov.
  6. Franck Salameh Charles Corm: An Intellectual Biography