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Blenheim Capital Management announces spinoff of Amsterdam unit

Thursday, June 15, 2017
Opalesque Industry Update - Blenheim Capital Management, L.L.C. has announced an agreement with the employees of its Amsterdam-based affiliate, Blenheim Capital Management, BV, to establish that company as an independent entity. Blenheim and BBV will continue to have a working relationship, but the two companies will no longer have a corporate affiliation. Blenheim will continue to make allocations to certain strategies run by BBV. The spinoff is expected to be completed in July and terms of the transaction were not disclosed.

"We are extremely proud of the success we have achieved with our partners in Amsterdam over the last five years. Our collaboration has built a solid foundation for growth in the months and years to come. We look forward to working together under this new and mutually rewarding arrangement," said Willem Kooyker, Founder and Chairman of Blenheim. "This transaction also helps renew our focus here at Blenheim on the global commodity markets. Our long experience and proven capabilities in these markets position us well to address the opportunities of the future."

"All of us here in Amsterdam are excited to embark on the next phase of our development," said Gerlof de Vrij, Chief Executive Officer and Chief Investment Officer of BBV. "Our relationship with Blenheim will remain important to us in many ways as we pursue a new business strategy and develop new partnerships like the one that has served us so well these last five years."

This initiative marks another step in Blenheim's strategic renewal which involves new product offerings, a re-emphasis on commodity trading, and generally more flexible arrangements with investors to address a burgeoning opportunity set in commodities. The transaction follows the initial expansion of Blenheim's partnership group earlier this year.

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