Amsterdam-Based Aster-X Capital Management Launches Hedge Fund

(HedgeNews.com) - by Yael Bizouati, Staff Writer - August 12, 2002

Amsterdam-based Aster-X Capital Management, an independent equity investment management firm, announced it launched a long-short hedge fund in June.

The Aster-X Europe Fund, which launche June 17, is one of the first hedge funds domiciled in the Netherlands.

The new fund focuses on European equities and has €23 million ($22.48 million) in assets under management, said Jan Stam, one of the founders.

The fund – licensed by the Dutch Central Bank - requires a €250,000 ($244,375) minimum investment, and intends to attract both private and institutional investors. According to Stam, one third of the fund’s investors are institutional and two-thirds are high-net-worth individuals.

Pieter-Jan Husken, Jan Stam and Marc Voncken founded Aster-X Capital Management in January 2002 and are the fund’s directors.

Husken and Voncken both worked at Amro Bank and at the Philips pension fund, where they were head of equities and portfolio manager, respectively. They left Philips to form the firm. They both are the fund’s managers.
Stam worked at the Amsterdam Stock Exchange as deputy head of the compliance department and as managing director of Kempen Capital Management.

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