Delta Asset Management

What Delta Asset Management does

Delta Asset Management S.A.U. is an Argentine asset management firm founded in 2005 (originally as RJ Delta Fund Management with Raymond James Financial as a shareholder; local shareholders acquired the foreign stake in 2016 and rebranded the firm to its current name). The company manages 40+ mutual funds (FCIs) across five primary categories: Cash Management (Delta Pesos, Delta Ahorro, Delta Performance, Delta Dólares, Delta Gestión XIII), Fixed Income in pesos and dollars, Equity, Balanced/Multi-strategy, and Specialized vehicles covering SMEs, Infrastructure, and ESG (Delta Sustentable ASG). End-clients are individuals, institutions, and corporations in Argentina, served indirectly through a distribution network of 40+ banks, trading platforms (BYMA, MATBA-ROFEX, ROSVAL), and non-bank brokers, and directly through the proprietary Mi Cuenta transactional web platform (access.deltaam.com.ar) for online subscriptions and redemptions.

The firm's underlying technology stack is intentionally thin and relationship-driven: a proprietary online transactional portal (Mi Cuenta) for direct clients, with the bulk of fund distribution intermediated through partner channels. Operating technology is governed by CNV regulatory obligations as an AAPIC FCI (Matrícula No. 40) and ACDI (Matrícula No. 158), with FATCA/CRS compliance in place. The product portfolio also includes same-day (T+0) redemption capabilities on certain short-term peso funds and T+1 redemption across 24 funds (May 2024), plus the AAAf(ARG) Moody's local rating on Delta Pesos, supporting liquidity positioning.

The business model is recurring management fees charged on assets under administration, embedded in the daily net asset value (cuotaparte) of each fund. Distribution is multi-channel rather than direct-led, reflecting reliance on bank and broker shelf space; recent product strategy has been weighted toward USD-denominated vehicles (Delta Dólares, Delta Gestión XIII) to capture macro-driven demand for hard-currency exposure. Revenue is not publicly disclosed; the company is privately held under the controlling ownership of co-founder Eduardo Tapia (full control acquired in 2023), with Guillermo Konecny as CEO since 2020.

Name

Delta Asset Management

Legal name

Delta Asset Management S.A.U.

Website

https://deltaam.com.ar

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Delta Asset Management is an Argentine mutual fund manager (founded 2005, Buenos Aires) operating 40+ FCIs across Cash Management, Fixed Income, Equity, Balanced, and Specialized categories, serving retail and institutional investors through 40+ distribution channels and a proprietary online platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Mutual Fund Management Fees: Delta Asset Management generates revenue through management fees charged on the assets under administration across its mutual fund (FCI) portfolio. As a registered AAPIC FCI (Agent for Administration of Collective Investment Products) and ACDI (Comprehensive Placement and Distribution Agent) with Argentina's CNV (National Securities Commission), the company earns recurring management fees based on the net asset value of each fund.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Delta Asset Management is an Argentine asset management firm that creates, manages, and distributes mutual fund products (FCI) for retail investors, institutions, and corporations. It operates a portfolio of more than 40 regulated mutual funds spanning Cash Management, Fixed Income, Equity, Balanced/Multi-strategy, and specialized categories (SME, Infrastructure, ESG), distributed via more than 40 banking and non-banking channels and a proprietary transactional web platform for online subscriptions and redemptions. The company is registered with Argentina's CNV as an AAPIC FCI (Matrícula No. 40) and ACDI (Matrícula No. 158).

Product overview

Delta Asset Management is an Argentine mutual fund manager operating since 2005 with USD 500+ million in assets under management. The company offers a comprehensive suite of 35+ mutual funds across six main categories: Cash Management (Delta Pesos, Delta Ahorro, Delta Performance, Delta Dólares, Delta Gestión XIII), Fixed Income (Delta Ahorro Plus, Delta Renta, Delta Patrimonio I, Delta Federal I, Delta Moneda, Delta Gestión IX-XI), Dollar Fixed Income (Delta Renta Dólares, Delta Renta Dólares Plus, Cohen Renta Fija Dólares), Equity (Delta Acciones, Delta Select, Delta Recursos Naturales, Delta Latinoamérica, Delta Internacional), Balanced/Multi-strategy (Delta Gestión VI, Delta Multimercado I/II), and Specialized (Delta Pymes, Delta Crecimiento Infraestructura, Delta Sustentable ASG). The product portfolio is distributed through a network of 40+ banking and non-banking distribution channels, with a transacted web platform for online subscriptions and redemptions. The company is registered with Argentina's CNV as an AAPIC FCI (Matrícula No. 40) and ACDI (Matrícula No. 158).

Differentiator

Problem solved

Functional benefit

Products and services

• Delta Pesos Money market fund denominated in Argentine pesos offering immediate liquidity and daily redemption for conservative cash management investors.
• Delta Ahorro Short-term fixed income fund in Argentine pesos.
• Delta Performance Short-term sovereign fixed income fund in Argentine pesos with T+0 same-day redemption capability.
• Delta Dólares Money market fund denominated in US dollars offering dollar-denominated investment access.
• Delta Gestión XIII (Delta Ahorro Dólares) Cash management and short-term fixed income fund in US dollars launched in March 2026.
• Delta Ahorro Plus Flexible short/medium-term fixed income fund in Argentine pesos with maximum duration of 1 year.
• Delta Retorno Real (ex Delta Gestión VIII) Real return fixed income fund.
• Cohen Renta Fija Dólares Dollar-denominated fixed income fund co-branded with Cohen.
• Delta Renta Dólares Plus Argentine corporate dollar fixed income fund.
• Delta Renta Dólares Flexible Argentine dollar fixed income fund investing in sovereign, provincial, and corporate bonds.
• Delta Renta Flexible fixed income fund in Argentine pesos.
• Delta Patrimonio I Fixed income fund with dual share classes (Clase A and Clase B).
• Delta Moneda Currency-focused fixed income fund.
• Delta Federal I Federal government bond-focused fixed income fund.
• Delta Acciones Argentine equity fund investing in stocks listed on local markets.
• Delta Select Selective equity fund with curated stock selection.
• Delta Recursos Naturales Natural resources equity fund focusing on commodity-related companies.
• Delta Latinoamérica Latin American equity fund investing across the region.
• Delta Internacional International equity fund with 75% Argentine assets and 25% global assets exposure.
• Delta Gestión VI Balanced mixed fund with active management, up to 25% in global CEDEARs or dollar bonds.
• Delta Multimercado I Multi-strategy balanced fund with active Argentine asset management; first absolute return fund launched in the local market.
• Delta Multimercado II Second multi-strategy balanced fund with diversified approach.
• Delta Pymes SME-focused fund investing in small and medium enterprises.
• Delta Crecimiento (Infraestructura) Infrastructure growth fund targeting infrastructure-related investments.
• Delta Sustentable ASG (ESG) ESG-focused sustainable investment fund, incorporated in March 2026 from Galileo Sustentable.
• Delta Gestión Series (I, II, III, IV, V, VII, IX, X, XI) Series of specialized investment funds covering various investment strategies and asset classes (excluding Gestión VI, VIII, and XIII which are listed separately).
• Mi Cuenta Online Platform Proprietary direct client web platform (access.deltaam.com.ar) enabling online mutual fund subscriptions, redemptions, transaction tracking, and account management for Delta's 40+ funds.

Quantifiable outcome

• Reached first USD 500 million in assets under management in 2013
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

36 partnerships are on record, tiered core and minor.

• CNV (Comisión Nacional de Valores)coreChannel Partner/ Reseller/ Distributor · 5 March 2026Delta Asset Management S.A.U. is an Agent for Administration of Collective Investment Products (AAPIC FCI) registered with CNV under Registration No. 40, and a Comprehensive Placement and Distribution Agent (ACDI) registered with CNV under Registration No. 158. The company complies with CNV Resolution No. 917 on tax matters.
• CiticoreChannel Partner/ Reseller/ DistributorCiti is one of Delta's banking distribution channels, marketing Delta's mutual funds to its Argentine client base. Distribution agreement was signed following an exhaustive due diligence process in 2006.
• Banco Ciudad de Buenos AirescoreChannel Partner/ Reseller/ DistributorBanco Ciudad de Buenos Aires distributes Delta's mutual funds. Banco Ciudad became a distributor after winning an open public bidding process in 2011.
• Banco Santa FecoreChannel Partner/ Reseller/ DistributorBanco Santa Fe is a banking channel distributing Delta's mutual funds to its regional client base.
• Banco San JuancoreChannel Partner/ Reseller/ DistributorBanco San Juan distributes Delta's mutual funds to its regional client base in San Juan province.
• Banco ComaficoreChannel Partner/ Reseller/ DistributorBanco Comafi distributes Delta's mutual funds.
• BYMA (Bolsas y Mercados Argentinos)coreChannel Partner/ Reseller/ DistributorBYMA is a trading platform channel through which Delta's mutual funds are distributed and traded. Delta's co-founder Eduardo Tapia served as Director of BYMA from 2016 to March 2025.
• MATBA-ROFEXcoreChannel Partner/ Reseller/ DistributorMATBA-ROFEX is a trading platform channel distributing Delta's mutual funds.
• ROSVALcoreChannel Partner/ Reseller/ DistributorROSVAL is a trading platform channel distributing Delta's mutual funds.
• Latin SecuritiescoreChannel Partner/ Reseller/ DistributorLatin Securities is a non-bank channel distributing Delta's funds. Delta's founder Eduardo Tapia is President and controlling shareholder of Latin Securities.
• CohencoreChannel Partner/ Reseller/ DistributorCohen is a non-bank financial channel distributing Delta's mutual funds.
• Enrique R. Zeni & Co.minorChannel Partner/ Reseller/ DistributorEnrique R. Zeni & Co. is a non-bank channel distributing Delta's mutual funds.
• PP Inversiones (Portfolio Personal)minorChannel Partner/ Reseller/ DistributorPP Inversiones (Portfolio Personal) is a non-bank channel distributing Delta's mutual funds.
• Balanz CapitalminorChannel Partner/ Reseller/ DistributorBalanz Capital is a non-bank channel distributing Delta's mutual funds.
• LBOminorChannel Partner/ Reseller/ DistributorLBO is a non-bank channel distributing Delta's mutual funds.
• InviuminorChannel Partner/ Reseller/ DistributorInviu is a non-bank channel distributing Delta's mutual funds.
• Max CapitalminorChannel Partner/ Reseller/ DistributorMax Capital is a non-bank channel distributing Delta's mutual funds.
• Bull MarketminorChannel Partner/ Reseller/ DistributorBull Market is a non-bank channel distributing Delta's mutual funds.
• Alchemy ValoresminorChannel Partner/ Reseller/ DistributorAlchemy Valores is a non-bank channel distributing Delta's mutual funds.
• NeixminorChannel Partner/ Reseller/ DistributorNeix is a non-bank channel distributing Delta's mutual funds.
• Option SecuritiesminorChannel Partner/ Reseller/ DistributorOption Securities is a non-bank channel distributing Delta's mutual funds.
• Bolsa de Comercio de ChacominorChannel Partner/ Reseller/ DistributorBolsa de Comercio de Chaco is a non-bank channel distributing Delta's mutual funds.
• CriteriaminorChannel Partner/ Reseller/ DistributorCriteria is a non-bank channel distributing Delta's mutual funds.
• S&CminorChannel Partner/ Reseller/ DistributorS&C is a non-bank channel distributing Delta's mutual funds.
• San Juan BursátilminorChannel Partner/ Reseller/ DistributorSan Juan Bursátil is a non-bank channel distributing Delta's mutual funds.
• Capital Markets ArgentinaminorChannel Partner/ Reseller/ DistributorCapital Markets Argentina is a non-bank channel distributing Delta's mutual funds.
• winvestminorChannel Partner/ Reseller/ Distributorwinvest is a non-bank channel distributing Delta's mutual funds.
• Petrini ValoresminorChannel Partner/ Reseller/ DistributorPetrini Valores is a non-bank channel distributing Delta's mutual funds.
• Becerra BursátilminorChannel Partner/ Reseller/ DistributorBecerra Bursátil is a non-bank channel distributing Delta's mutual funds.
• RosentalminorChannel Partner/ Reseller/ DistributorRosental is a non-bank channel distributing Delta's mutual funds.
• BAVSAminorChannel Partner/ Reseller/ DistributorBAVSA is a non-bank channel distributing Delta's mutual funds.
• Bahía Blanca Sociedad de Bolsa S.AminorChannel Partner/ Reseller/ DistributorBahía Blanca Sociedad de Bolsa S.A is a non-bank channel distributing Delta's mutual funds.
• TPCGminorChannel Partner/ Reseller/ DistributorTPCG is a non-bank channel distributing Delta's mutual funds.
• Cocos CapitalminorChannel Partner/ Reseller/ DistributorCocos Capital is a non-bank channel distributing Delta's mutual funds.
• Banco IndustrialminorChannel Partner/ Reseller/ DistributorBanco Industrial began distributing RJ Delta funds in 2007 as one of the early banking channel partners.
• Raymond James Financial Inc.coreChannel Partner/ Reseller/ DistributorRaymond James Financial was an original shareholder and partner in RJ Delta Fund Management (created in 2005), contributing international brand and expertise. In 2016, local shareholders acquired Raymond James Financial's entire shareholding, and the company was renamed Delta Asset Management.

Scale indicators6 records

Recent moves11 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/delta-asset-management-s.a.

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Delta Asset Management