As chairman of the management team, Willem is ultimately responsible for
the investment policy. As a private investor, he started investing
in companies that had made significant (commodity) discoveries in 2005. This makes him one of the pioneers in “Discovery Investing”. Willem is also the author of seven books on economics and financial
markets. He is also a member of the Advisory Board of the
London economic think tank OMFIF. Willem is the founder
and major shareholder in Commodity Discovery Management B.V., the manager of
Terence van der Hout has been working with Willem Middelkoop in
discovery investing for almost fifteen years. After studying political science,
he held various financial positions at ING and Rabobank. He has worked at the
Commodity Discovery Fund as a financial analyst since 2011. After joining the
fund’s management, in 2016, his responsibilities have now shifted towards
compliance and regulation in relation to the fund.
With a keen eye for detail and efficiency, Caroline has played a
crucial role in our fund for the last ten years. She oversees a
well-functioning internal organization, provides sales support and, together
with Terence van der Hout, keeps a close eye on everything related to
compliance regulations. Caroline is easily approachable, very capable of
bouncing ideas off, and is always willing to improve our services. She maintains close communications with Bolder Funds Services (Netherlands) B.V. (formerly Circle Partners), our
With Ben, we have over 30 years of in-house investment
expertise. Ben started on the options exchange in 1988, first as a stock
exchange employee, then as a floor broker for various asset managers, and
subsequently as a market maker. He then worked at a clearing house, which
settled the completed transactions. Ben has worked as a senior trader for the
fund since 2011, responsible for trading, clearing and back office activities
that are initiated in our own trading room.
Since 2005, Arjan has been working as an independent compliance advisor in financial supervision regulation for both fund managers and asset managers. After completing his postgraduate training as a Chartered Accountant, Arjan spent six years as a supervisor at the AFM and DNB. In 2009 he completed the postgraduate training for Executive Master of Compliance at the VU. Arjan has been involved with the fund as a compliance advisor since 2017 and has fulfilled the role of external compliance officer since 2020.
Since the autumn of 2020, René has been responsible for investment relations at the CD Fund. As a teenager, René bought a piece of gold as a first investment. After that, his interest in financial markets never disappeared. Professionally, he has always been active in sales and marketing positions. As René has known Willem since 1980, he is able to explain the background of our investment philosophy like no other. He is also a good person to spar with for the participants in our fund.
Due to the strong growth of the fund, we
started a collaboration with Rob Brouns last summer. As of February 2022 Rob has officially joined the team. Before this, Rob has managed various investment funds
at MN, Cordaid IM and ACTIAM and has thus built up broad experience as a fund
manager. He knows our sector well as a private investor. In addition, his background as a 'quant' helps
us perform better through data analysis in the relatively inefficient niche
market in which the fund is active. Rob's focus will mainly be on
Nicolas has always had a great fondness for macroeconomics. In addition, as an investor, he has followed the mining sector from a distance for years. His background in the banking sector (Rabobank and Van Lanschot), extended with years of experience in relationship management for high net worth individuals (biotech and energy), makes him a versatile discussion partner for existing and new participants. In collaboration with Rene and Caroline, he coordinates all Investor Relations.
As a private investor, Martin has managed a portfolio of mining exploration stocks since 1995. He is a mechanical engineer who spent years working as a project manager in heavy manufacturing industries. Since September 2020, Martin has been researching mining exploration companies for the CD Fund. He is constantly searching for companies who are in the process of making significant commodity discoveries.
the lead investment manager on the commodities and mining equities aspect of an
internal fund of an Asset Management Company in Hong Kong between 2009 &
2013, able to outperforming the benchmark every year; he joined Thomson Reuters
GFMS in 2013, as the senior Precious Metals Analyst covering the Chinese
market, until 2020. He is also the author of ‘Finding the next ten bagger – a fund manager
sharing his insights in the mining industry’ in China sharing his insights on
exploration equities, in 2019. He joined our fund in 2021.