Chris Oomen and Allard Jakobs together in Kas Bank
Chris Oomen is the boss of the small insurance company DSW. Not one of the boring pack, DSW is the only rebel in the small Dutch world of insurance. I would switch if it wouldn’t be such a hassle.
Oomen is good for a few bucks, he’s one of the richest men in the country. He earned his fortune with another company he founded in 1986: Optiver.
Optiverder
With his estimated net worth of €150 million Oomen is a modest investor. His personal holding is called Optiverder, and can be found in the AFM registers with stakes in small caps. In spite of a bull market, his small cap adventures haven’t turned gold. He owns 5% of Grontmij and is facing a loss on this one of 75% (since 2008). He scratched a 5% stake in ICT Automatisering between 2011 and 2013 – only a small loss if he was lucky.
Allard Jakobs
Looks like he decided to follow another icon of the Dutch option industry. Allard Jakobs, used to be of comparable wealth as Chris Oomen. Jakobs is of course owner of All Options, has a stake of 5,27% in the custody bank Kas Bank. Over the past 6 years he has seen an annualized yearly return of 10% on this stock. His stake is currently worth almost €10 million. Handsome profit? Nah, lagging the index by wide margin. Last week Chris Oomen joined ship. Bought a stake of 3.08% in the firm.
No options on Kas
There are no listed options on Kas Bank. Euronext proposed to introduce options on Kas Bank last year, but while other small cap options were fine – market participants turned down the suggestion. With the Altana tragedy in mind, nobody favorited quoting options on a stock with Jakobs involved as shareholder.
All Options itself wasn’t allowed to sign up for quoting Kas options. Euronext didn’t want it, but anyway his clearing (Goldman Sachs) isn’t fond of letting All Options trade Dutch options. ABN AMRO clearing refuses Jakobs as a client.
Disclaimer
Long position in shares Kas Bank.
First post!
Optiverdikkiedorie would also have been a good name
Johann already had Optieverdikkiedorie als private holding.
Btw All Options still quotes a few (5/6) stocks on euronext. Doesn’t match with the GS story refusing to clear euronext for him.
GS does not want to become a member of HCH, which is why they can’t join TOM
don’t hold your breath for Oomen’ small cap portfolio, small caps do well in first half of bull market when growth is easy to deliver, thereafter megacaps take over the in second half of bull market when cycle matures and earnings grow from efficiency and cost cuts, not just coming out with ‘new product’
what’s the translation for Optieverdikkiedorie?
define HCH?
Nice to see Jack’s disclaimer on his long position
optionfarfatcodryie
If you don’t know what HCH is, you are not part of the Amsterdam trading community and therefore should leave this site asap!
http://www.amsterdamtrader.com/2014/09/ice-buys-holland-clearing-house.html
is that jack posting his own crappy link?
option far fat co dry ie ?
Given that Optiver was first called Kaemingh, did Chris Oomen create the name “Optiver”? Or was his personal holding created afterwards?
No idea what this post even says. It’s all freaky deaky Dutch.
I’ve heard eduard van do Kirk (Joopie) is going to become the new CEO of Kas bank?
what’s so freaky deaky about ‘Dutch’?
as for the post, it’s all in the title, ‘Chris Oomen and Allard Jakobs together in Kas Bank’
did paul fire your sorry ass in the past decade or so?
isn’t it time for you to get over yourself?
Do we have a bank?
What’s happening with Tibra ? Rumor is it’s dissolving.
really, their strategy of hiring senior traders with relevant 5 years experience didn’t work?
How do you get over yourself?
Yes, define “get over yourself”.
50 euro suck n fuck, has there been any inflation past few years?
[…] among the market participants. Allard sticks to his position in Kas Bank, but now to other titans jumped aboard (Chris Oomen and […]