NETHERLANDS - Ex-Compendeon Pension and Investment Management chief executive Erik van Dijk is in talks with an Asian investor to finance his newly created advisory and consultancy business Lodewijk Meijer.
He told Global Pensions he was having talks also with another consortium made up of three Dutch investors, specialized in real estate.
van Dijk said: "Lodewijk Meijer will tackle the pension market for advisory and implemented consulting services in three different areas: manager selection, emerging markets and portfolio optimization and risk management."
He added he was planning to reach an agreement with the different investors by the end of April.
He also said Compendeon would shut down unless it found additional funding. He added: "If it remains open, it will be without me."
In a letter to clients sent yesterday (www.globalpensions.com: 26/03/09), van Dijk said: "It has been a difficult period for an implemented consultant reaching his 3-year live track record exactly in the middle of the credit crisis.
"As a 2004/05 start-up we did not have the necessary financial reserves to weather the storms without additional financing by the shareholders."
He added Compendeon shareholders could not agree on this funding round.
He also said: "I decided to start up again using our existing expertise and strong network in the institutional community in the Netherlands and abroad. My personal holding Lodewijk Meijer will take the lead in this effort."
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