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April 12, 2017  

Blenheim Chief Kooyker Names Partners

Blenheim Capital founder Willem Kooyker has awarded partnership stakes to four executives — the first time he’s given up equity in the business since founding it in 1989.

Kooyker, 74, continues to own a majority of the commodity-trading firm. But he now has four minority partners: Thomas Kopcynski, who oversees research and trading; chief operating officer James Wohlmacher; chief financial officer Gus Rossi; and senior portfolio manager Terence Kooyker, Willem Kooyker’s son.

The promotions come as the Berkeley Heights, N.J., fund operator prepares to expand its offerings amid what it sees as increasing opportunities in the commodity market. The ownership change also signals to investors that the firm has a succession plan in place.

“I have great confidence in their [partners’] ability to help me make Blenheim a leading alternative-investment firm for a new generation of investors,” Willem Kooyker said.

Blenheim once was among the largest commodity-fund operations, with more than $9 billion under management at its peak in 2011. But disappointing performance in recent years — including a 23.5% loss in 2011 — has left the firm with only about $1 billion at this point.

In the early 1980s, Willem Kooyker served as president of Commodities Corp., a commodity-trading powerhouse that Goldman Sachs bought in 1997.