Deltec Asset Management LLC

Deltec Asset Management LLC, established in 2000, specializes in discretionary investment management of domestic and emerging market equity, debt, and equivalent securities for pooled and separate accounts. The firm primarily focuses on long-only strategies and does not heavily utilize margin purchases, derivatives, or short sales. Deltec also engages in trading and investing in securities for its own account. Clients have the option to customize advisory services and impose restrictions on investments. As of December 31, 2022, Deltec managed approximately $624,087,955 in client assets under management on a discretionary basis. For fees, most clients are charged an asset-based fee ranging from 1.00% to 1.50% of assets under management, with a minimum annual fee of $3,750. Performance fees, equal to 20% of appreciation, are also charged. Deltec's fees are negotiable, and some clients pay more or less based on various factors. The firm may waive or modify fees for certain clients, including employees or affiliates. Deltec's investment strategies focus on actively managed approaches, emphasizing fundamental research and investments in out-of-favor sectors or underfollowed securities. The firm's investment philosophy involves earning positive absolute returns while managing risks associated with various securities markets. Deltec has a minimum account size recommendation of $500,000 for separate accounts, with individual portfolio managers potentially requiring a higher initial minimum.