Deltec Asset Management LLC
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Date updated:06-05-2008

Deltec Asset Management is an $450 million dollar hedge fund based in New York City. Spun out of Kidder Peabody, Deltec is run by John Gordon and Arthur Byrnes. Gordon’s father, Al Gordon, started Kidder in 1931, started Deltec in 1985, and still occasionally comments on the markets. From a recent profile of him in Bloomberg:

When it comes to investing, Gordon looks for companies that will grow for years, says Arthur Byrnes, who is co-head of Deltec Asset Management with Gordon's son John.

"Despite the fact that he's an old man, he buys things not for a quick trade,'' Byrnes says. "Al is a long-term investor, if you can believe that someone who's 105 years old can be a long-term investor.''

Gordon favors countries with economies that will support growth, and he says the U.S. has too much debt. He says he liked Petroleo Brasileiro partly because South America had been successful for Kidder. Wal-Mart de Mexico and EnCana, Canada's largest natural-gas producer, may grow, he says.

"I read that Wal-Mart was stationary but Wal-Mart's Mexican subsidiary was on the move so that was enough for me so I bought quite a bit of Wal-Mart Mexico,'' he says. "EnCana was owned by the Canadian Pacific Railroad and so you knew that its background was business, not government.''

As of 3-31-08 filing.

symbol name last price % change open
  • +
  • PBR-A
    Petroleo Bras Pet
  • $53.64
  • -1.40%
  • $55.29

No Analysis added

People owning PBR-A also tend to own: ABVAMXAPCBBDBDCCIBCIG

TheStreet.com Rating: No Rating What is this?

  • +
  • UBB
    Unibanco Brasilrs
  • $124.2999
  • -3.36%
  • $128.85

No Analysis added

People owning UBB also tend to own: AEOSAINVCVHDREIDCCMRHNFLD

TheStreet.com Rating: D- What is this?

  • +
  • CIB
    Bancolombia Sa
  • $35.62
  • -1.06%
  • $36.00

No Analysis added

People owning CIB also tend to own: ABVAMXAPCBBDBDCCIGCOP

TheStreet.com Rating: C+ What is this?

  • +
  • VCP
    Votorantim Celulo
  • $26.05
  • 0.00%
  • $26.14

No Analysis added

People owning VCP also tend to own: AODHSVLYIFNINGPDSTNHTRMD

TheStreet.com Rating: B What is this?

  • +
  • CPA
    Copa Holdings S.a
  • $32.16
  • -3.80%
  • $33.78

No Analysis added

People owning CPA also tend to own: AIGCOPDCSHAWKKGCMAMWE

TheStreet.com Rating: C What is this?

  • +
  • CPL
    Cpfl Energia Sa A
  • $64.23
  • -2.67%
  • $65.67

No Analysis added

People owning CPL also tend to own: CABGOOGMOTXRHABRACHAIB

TheStreet.com Rating: A- What is this?

  • +
  • APC
    Anadarko Petroleu
  • $70.58
  • +0.71%
  • $70.12

No Analysis added

People owning APC also tend to own: AAALLBUDCOPCVXDOWGSK

TheStreet.com Rating: A What is this?

  • +
  • CIG
    Comp Energ Cemig
  • $23.83
  • -0.04%
  • $24.00

No Analysis added

People owning CIG also tend to own: AAPLELPEWJFXIVNTYHOOCVC

TheStreet.com Rating: B What is this?

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