Economics
A Commodities Hedge Fund Titan Is Quitting After 50 Years
- Willem Kooyker’s son Terence set up a new fund called Valence
- The new fund aims to close with around $800 million in assets
This article is for subscribers only.
Blenheim Capital Management, once the world’s largest commodities fund, is being wound down as founder Willem Kooyker calls time on a 50-year trading career that earned him a gilded reputation in oil, metals and agricultural markets.
The majority of Blenheim’s investors have transferred their assets to a newly launched fund, Valence Asset Management, headed by his son, Terence Kooyker, and portfolio manager James Tatum. The fund launched this month and is staffed by about nine former Blenheim employees. It’s primarily active in base, precious and bulk markets, and trades in other commodities.