Overview
Deltec Asset Management LLC (“Deltec”) is a limited liability company formed under the laws of
the state of Delaware on January 14, 2000. Deltec is controlled by its managing member and principal
owner, Blue Tee Partners LLC (“Blue Tee”), which is, itself, a Delaware limited liability company. The
managing members of Blue Tee are Arthur E. Byrnes and John R. Gordon, each a Senior Managing
Director of Deltec.
Deltec’s principal business is the discretionary management of investments in domestic and
emerging market equity, debt and equivalent securities for pooled and separate accounts. Deltec is
primarily an unleveraged, long-only manager. That is, margin purchases, derivatives, and short sales are
not used in any significant way in the securities portfolios managed by Deltec. Deltec also trades and
invests in securities for its own account. Certain pooled and separate accounts invest in non-traditional
equity and debt securities including, but not limited to, contingent
value rights/obligations, interests in
liquidating trusts, equity equivalents with due bills entitling the holder to future distributions, defaulted
corporate and sovereign debt, interests in fully funded syndicated bank loans, trade claims, special
purpose acquisition companies (“SPACS”), and business development companies (“BDCs”).
Deltec’s clients may request that Deltec tailor its advisory services to their individual needs and/
or impose restrictions on Deltec’s ability to invest in certain securities or types of securities or require
investments in not only specific securities and security types, but also at certain predetermined levels.
Prior to accepting any such arrangement, Deltec determines that the account can be managed in a
manner that is consistent with the client’s needs and that compliance with any restrictions can be
monitored.
At December 31, 2023 Deltec had approximately $670,496,508 in client assets under management
on a discretionary basis.