Conservative asset management
for private individuals and foundations
Laaken Asset Management N.V.
Laaken represents conservative, transparent and high quality asset management. The goal of the company is to thoroughly manage the capital of private individuals, family offices, endowments and charities. Partners at Laaken possess many years of experience in the financial sector and have accomplished good investment returns, as visible in the charts below. Client capital is invested globally based on economic fundamentals with a strong emphasis on liquidity and daily tradability.
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“Money will not manage itself”
Walter Bagehot 1827 - 1877
Excellent trackrecord
Laaken attained above average returns for its clients. Partially due to successfully avoiding excessive losses in the portfolios and a strong emphasis on liquidity.
Global
A truly independent asset manager with a worldwide network via partners and employees in Amsterdam, the United States and Singapore.
Active asset allocation
When deemed necessary, more liquidity and fixed income is retained. In more favourable times a larger part of the portfolio is invested in real assets.
No accumulation of costs
Laaken has minimal investments in products and funds. By investing in self-selected, solid stocks and bonds, risk and cost efficient portfolios are constructed and constantly monitored.
Our services
Asset management
The core activity of Laaken Asset Management is managing individual portfolios. The asset management mandate is executed in the client's account at a renowned Dutch and foreign custody bank of choice. This service is offered to clients with investable capital starting from EUR 1.000.000. In an individual mandate client portfolios are invested in line with a model portfolio or can be tailor-made.
Investment funds
Clients can also choose to participate in one of the Laaken investments funds. By offering participation in funds Laaken can attain more diversified investments for its clients. Furthermore, the funds have a V.A.T. cost advantage. For clients with investable capital starting from EUR 250.000 this can be a cost efficient solution to follow one of the model portfolios.
Investment Strategy
Important ways to retain the value of capital are: emphasising the importance of liquid and conservatively constructed investment portfolios, keeping cost low and be vigilant for irreparable losses in the portfolio of clients. The investment philosophy of Laaken is that risk and cost efficient portfolios can be realised by investing in individual stocks, bonds and alternative investments with a long term view.
With this view the company aims to add value in all asset classes. In equity, worldwide and solid investments are selected of companies that have a strong balance sheet (low debt), good growth expectations, reliable management and acceptable valuations. The bond allocation in the portfolio also consists of direct individual investments including government, corporate, variable rate and convertible bonds.
In the investment policy the importance of liquidity and daily tradability is emphasized. Portfolios can be set up or made liquid on a daily basis. Selecting direct investments in stocks and bonds avoids unnecessary accumulation of cost.
Partners
Jolmer Gerritse
Jolmer started working in the financial services industry in The Netherlands in 1971. He co-founded SNS Securities in 1981, and Laaken Asset Management in 2005. He has been responsible for the financial well-being of institutional clients, private clients, and foundations. Together with Sem he forms the daily management of Laaken.
Sem Ongering, CFA
Before graduating from his dual master's degree in business economics at the University of Amsterdam and Universidad Pompeu Fabra, Sem was already working at Laaken Asset Management and after an internship at Rabobank Private Equity he started full-time in 2011. Sem is a CFA charter holder and entered the board of Laaken in 2014.
Rijnhard van Tets
Served as member and as adviser of the managing board of ABN AMRO Bank up to 2007. Rijnhard was the non executive chairman of Petrofac Ltd., Euronext Amsterdam and Euronext N.V. until May 2018. He is the chairman of the supervisory board of OBAM. Rijnhard lives in London.
Raoul Witteveen
Graduated from Erasmus University in general and business economics. His working experience includes Thyssen-Bornemisza Group in London, management buy outs such as Bols in Amsterdam and Interpool in New York, and several successful start-ups: Trac Lease, Blueline, Ocean Point Development.
Investment outlook & Investment thesis
06-01-2020
Our investment portfolios ended 2019 well. During the last quarter the equity positions had the strongest. Markets were supported by the announcement of a phase one trade deal between China and the US. Except for the fact that new US trade tariffs, originally planned for December, haven’t been imposed and China’s stated intention to buy more US soy beans, the deal lacks substance. Beside the trade deal optimism, markets have also more or less ignored the impeachment proceedings in the US, primarily because the impeachment is not very likely to be supported by the US Senate.
During 2019 we have taken a position in the Hyatt hotel chain. In recent years the hotel industry has shifted to a model where the ownership of real estate and the management of a hotel are largely separated. The three major US listed hotel chains: Hilton, Marriot and Hyatt, historically owned their hotels. Nowadays, however, they earn an increasing share of royalties and management fees on hotels owned by third parties.
Contact
Visiting address
Keizersgracht 534
NL 1017 EK Amsterdam
Postal address
P.O. Box 15942
NL 1001 NK Amsterdam
tel | 020 - 535 33 66
fax | 020 - 535 33 60
email | info@laaken.nl
Please contact us if you are interested in our services. You can use the form below to contact us directly. Laaken respects your privacy. We never sell or share your data for profit. Read our online privacy policy here