Overview
Company
United American Securities, Inc. is an independent, privately-held New York corporation
founded in 1987 by Shahin and Bahman Mossavar-Rahmani.
United American Securities, Inc. conducts its investment advisory business under the name “UAS
Asset Management”. UAS Asset Management has been providing investment advisory services
as an SEC-registered investment adviser since 1988. Throughout this brochure, UAS Asset
Management is referred to as either “UAS” or the “firm”.
Principal Owner
The principal owner of UAS is Bahman Mossavar-Rahmani.
Services
UAS provides investment management services through separately managed accounts and,
currently, to Kitty Hawk Investment Partners, LP (“Kitty Hawk”), a private investment
partnership organized as a pooled investment vehicle (the “Fund”).
Separately Managed Accounts
Prior to commencing an advisory relationship with a prospective client, UAS will execute a
written investment advisory agreement with the client covering important topics, including but
not limited to the investment objective of the account, any risk guidelines applicable to the
account to the extent such are communicated by the client,
the scope of investment discretion
granted to UAS and the compensation payable to UAS and the manner of payment. UAS may
invest its clients’ assets in stocks, bonds, mutual funds, Exchange-Traded Funds (“ETF”s), and
other investment vehicles as UAS determines is appropriate based on a client’s investment
objective.
UAS primarily manages accounts on a discretionary basis, though it also provides advice to
certain clients on a non-discretionary basis. A client may place reasonable restrictions on the
types of investments that UAS may make on the client's behalf.
The Fund
At present, UAS is the managing member of Kitty Hawk Management, L.L.C., the general
partner (the “UAS Affiliated Entity”) of the Fund. UAS also serves as investment manager to the
Fund.
Because of the “pooled” nature of the Fund, investors in the Fund may not impose restrictions on
the Fund’s investments in certain securities or types of securities.
Assets Under Management
As of December 31, 2023 , the total regulatory assets under management of UAS is
approximately $413,944,149, $409,878,079 of which is managed on a discretionary basis, and
$4,066,070 of which is managed on a non-discretionary basis.