Friday, 26 August 2016
Last updated 3 hours ago
Nov 29 2006 | 10:30am ET
Gerard van Vliet, founder of Rotterdam, Netherlands-based Transtrend BV, a commodity trading advisor, is leaving his post in Q1 2007. Transtrend and Robeco, a Rotterdam-based asset management firm, struck a deal four years ago whereby Robeco would acquire 49% of the firm from van Vliet with the agreement to purchase the remaining shares in early 2007. Post acquisition, Transtrend will remain an independent firm with its own infrastructure but Robeco will have control over the firm’s compliance and reporting policies.
Van Vliet says he has no intention of managing third-party capital anymore and wants to dedicate his time to an unnamed philanthropic foundation where he serves as chairman. However, he will most remain one of Transtrend's large client-investors for “many years to come.”
Transtrend, which has been registered as a CTA and CPO since 1994, currently manages some $3 billion in assets.