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Philippe van den Abeele
Managing Director, Castalia Fund Management
Philippe van den Abeele was born in Antwerp, Belgium in 1956 and is a director of Castalia Springs Limited and Managing Director of Castalia Fund Management Limited and its subsidiary Castalia Fund Management (U.K.) Limited, Investment Manager and Sub-Adviser to the Investment Manager. Mr. van den Abeele is registered with the FSA and was originally registered with the Association of Futures Brokers and Dealers in 1989. He has been a member of the Baltic Exchange since 1980 and in 1980 received a Bsc in Economics from City of London Polytechnic.
Mr. van den Abeele has more than 25 years experience in the shipping and financial markets. He first started as a dry cargo shipbroker with Galbraiths Limited in 1980. Since 1985, he has worked in freight derivatives and became a director of Clarkson Wolff, a joint venture between Clarksons and Rudolf Wolff, in 1989. In 1991, Mr. van den Abeele became chairman of the Biffex ("Baltic International Freight Futures Exchange") Commodity Advisory Group. Throughout this period (1989-1995), he undertook successfully discretionary trading on behalf of his clients, primarily in the Biffex market and executed on London International Financial Futures Exchange.
In 1996, Mr. van den Abeele jointed Clarkson Securities Limited ("CSL") as Managing Director. CSL is the freight derivatives brokerage arm of the Clarkson Group. He is a founder member of the FFABA ("Forward Freight Agreement Brokers Association") and acted as one of its first chairmen for a period of 12 months in 1999. In 2000, Mr. van den Abeele became Managing Director of Clarkson Fund Management Limited to manage an offshore registered freight derivatives and maritime equities fund. He was instrumental in setting up the business, finding the initial investors and was taking most of the investment decisions. In June 2001, the fund was closed and all the monies restituted to the investors as the capital raised was not sufficient to make it a viable business. Mr. van den Abeele rejoined CSL in July 2001 as Managing Director and was responsible for the largest expansion of the freight derivatives brokerage business for the Clarkson Group. He maintained that position until March 2006 when he decided to resign from the Clarkson Group.
Philippe is married with 3 children and lives in London.
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