Pellegrini FCI

What Pellegrini FCI does

Pellegrini S.A. Gerente de Fondos Comunes de Inversión (operating as Pellegrini FCI) is an Argentine mutual fund management company founded in 1994 and headquartered at Avda. Corrientes 345, Buenos Aires. The company is 99.103%-owned by Banco de la Nación Argentina (BNA), Argentina's largest state-owned bank, with Nación Seguros holding the remaining 0.897%. Registered with the CNV (Comisión Nacional de Valores) under registration number 17, Pellegrini manages a diversified family of more than 14 mutual funds organized into six categories: conservative funds (Renta Pesos, Renta Fija I/II/III, Money Market USD), bond funds (Renta Fija Ahorro, Renta Fija Plus, Renta Fija Pública, Renta Dólares, Renta Pública Federal), sector-specific funds (Pymes, Agro, Desarrollo Argentino, Crecimiento, Protección, Retorno Total), equity funds (Acciones), mixed funds (Integral), and a closed-end real estate fund (Inmobiliario).

The company generates revenue through annual management fees (honorarios de administración) on assets under management, with rates ranging from 0.4% to 4% TNA for peso-denominated funds and 0.17% to 0.75% TNA for dollar-denominated funds, varying by fund and share class (A, B, C, R). Distribution is conducted through a multi-channel model centered on BNA's national branch network (sucursales), Home Banking integration via Red Link (active since 2015), the proprietary VF Home digital platform, and a toll-free 0800 customer service line. Minimum investment is $1,000, and account opening and maintenance are currently free of charge.

The business model is a classic fee-based asset management operation with strong channel dependency on its parent bank. Pellegrini holds no proprietary AI or ML capabilities and operates standard financial services technology infrastructure. The company is audited by BDO and carries AC(arg) quality ratings on multiple funds, including AA-f for the Protección fund and A+f for the Retorno Total fund. Its operating scope is limited to Argentina, with no international expansion evidenced.

Name

Pellegrini FCI

Legal name

Pellegrini S.A. Gerente de Fondos Comunes de Inversión

Website

https://pellegrinifci.com.ar

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Pellegrini FCI is an Argentine mutual fund management company majority-owned by Banco de la Nación Argentina, offering 14+ funds across conservative, bond, equity, mixed, and real estate categories to retail investors via BNA's branch network and digital platforms.

Ownership category

akta.pro rank

Product category

Mutual Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Mutual fund management
• Investment fund services
• Asset management
• Fixed income funds
• Money market funds

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. Management Fees (Honorarios de Administración): Pellegrini generates revenue through annual management fees charged on assets under management. Fees vary by fund type and share class, ranging from 0.4% to 4% TNA (Nominal Annual Rate) for peso-denominated funds and 0.17% to 0.75% TNA for dollar-denominated funds. Different share classes (Clase A, B, C, R) have different fee structures within the same fund.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Pellegrini FCI (Pellegrini S.A. Gerente de Fondos Comunes de Inversión) manages and distributes a diversified family of mutual funds (Fondos Comunes de Inversión) for Argentine investors. The product suite spans conservative peso and USD money market funds, fixed-income and government bond funds, sector-specific funds (SMEs/Pymes, agriculture/Agro, Argentine development), an equity fund, a mixed-asset fund, and a closed-end real estate fund, plus supporting investor digital tools. The company earns annual management fees (TNA) ranging from 0.17% to 4% depending on fund currency and share class.

Product overview

Pellegrini FCI operates as a fund management company (Sociedad Gerente de Fondos Comunes de Inversión) offering a diversified family of mutual funds organized into six main categories: Conservative funds (Renta Pesos, Renta Fija, Renta Fija II, Renta Fija III, Money Market USD) for capital preservation; Bond funds (Renta Fija Ahorro, Renta Fija Plus, Renta Fija Pública, Renta Dólares, Renta Pública Federal) for fixed income exposure; Specific/Sector funds (Pymes, Agro, Desarrollo Argentino, Crecimiento, Protección, Retorno Total) targeting specific sectors or strategies; Equity funds (Acciones) for stock market exposure; Mixed funds (Integral) balancing multiple asset classes; and a Closed-end Real Estate fund (Inmobiliario). The company is majority-owned by Banco de la Nación Argentina and is regulated by the CNV (Comisión Nacional de Valores). Access to fund information and portfolio simulation is provided through digital platforms including VF Home and a fund simulator tool.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Same-day or 24-48 hour fund redemption availability
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and supporting.

• Banco Nación Argentina (Depositary)coreChannel Partner/ Reseller/ DistributorBanco Nación Argentina serves as the depositary society (Sociedad Depositaria) for all Pellegrini mutual funds, holding and safeguarding fund assets while providing custody and settlement services. The bank's regulatory role ensures investor protection and fund integrity.
• BDO (Auditors)supportingOthersBDO serves as the independent auditor for Pellegrini mutual funds, providing external audit services to ensure financial transparency and regulatory compliance.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Balanz: Independent Argentine asset manager offering mutual funds and other investment products to retail and institutional clients. Balanz directly competes with Pellegrini in the Argentine FCI market across peso and dollar-denominated strategies.
• Supervielle Asset Management: Asset management business of Banco Supervielle, offering mutual funds and investment products through the bank's retail and digital channels. A direct competitor in the Argentine bank-affiliated FCI segment.
• Banco Macro Inversiones: Investment fund management operations of Banco Macro, one of Argentina's largest regional banks. Competes with Pellegrini in the Argentine FCI market with similar bank-distributed mutual fund offerings.
• BBVA Asset Management Argentina: Asset management arm of BBVA Argentina offering mutual funds and investment products distributed via the bank's network. Mirrors Pellegrini's structure as a bank-owned FCI manager with multi-channel distribution.
• ICBC Investments Argentina: Asset management arm of ICBC Argentina, the local subsidiary of China's ICBC. Operates an FCI franchise in the Argentine market and competes with Pellegrini for peso and dollar-denominated mutual fund investors.
• Galicia Asset Management: Asset management arm of Banco Galicia, one of Argentina's largest private banks, offering a broad FCI product suite to retail and corporate clients through the bank's distribution network. Closely matches Pellegrini's bank-affiliated mutual fund model.
• Santander Asset Management Argentina: Asset management business of Santander Argentina, providing mutual funds distributed through the bank's branch network and digital channels. Operates a comparable bank-affiliated FCI franchise competing for the same retail investor base.
• HSBC Argentina Asset Management: Asset management operations of HSBC Argentina offering mutual funds to retail and institutional clients. Comparable in bank-affiliated distribution model and broad FCI product range.

Broad incumbents

• BlackRock: Global asset management giant with products distributed in Argentina (notably via iShares ETFs and global fixed income strategies). Represents broader incumbent competition for institutional and high-net-worth peso/dollar mandates that Pellegrini also serves.
• Franklin Templeton: Global asset manager with a historical Argentine mutual fund presence. Competes for institutional and retail mandates in Argentina as a broader incumbent, even though its local product set is narrower than Pellegrini's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCcNAnjVSlT0vUgMEva0l7zg
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/pellegrini-fci

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Pellegrini FCI