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 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.
Due to the strong growth in the number of participants, Melinda Pieters joined our team in 2021. As an account manager, she is responsible for all communication with the more than 1000 investors and potential investors. Melinda has extensive experience in relationship management in various branches. Within the CDFund she works closely with Caroline de Groot and Willem Middelkoop. In the coming year Melinda will investigate how we can further improve our information flow towards our participants.
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.