passion for performance

the Van der Mandele ARAR Fund has the registration for the AIFMD ‘light’ regime.
The Fund is up and running since March 23 2023

We have a trackrecord that speaks volumes

Personal portfolio: +70% in 2022-2023 vs <-15% S&P 500 (Jan 2023)
Asset Management for a Quote 500 member: +18.4%, IRR +98% p.a. on advice activity (Sep 2021 through March 2022)
The Fund has outperformed the market to this date: +14.3% (vs +12.5%, 6.7% and 7.1% for MSCI World, MSCI Equal Weight and the AEX Total Return (Mar 2023-Dec 2023)

(First two returns are results of the fund manager in various mandates. They have been obtained outside of the Van der Mandele ARAR Fund and are for illustrative purposes only. Historical results are no guarantee for future performance.)

Outperformance
is our brand

Personal outperformance has been the inspiration to start the fund, and it will be the driving force for years to come

You are tired of:

Poor performance that follows the index – at best
Unimaginative investments in traditional or popular ‘big name’ stocks
Fuzzy methodologies and haphazard decision making
Talking to the wrong person

You want to:

Invest with a manager that has a promising trackrecord
Invest based on fundamentals:
- no gimmicks
- no foggy reports
Understand what the investment manager is doing:
- personal contact
- no risky derivatives

We deliver by using:

a straight “long-only” investment model – no leverage, no derivates, no surprises
a unique top-down/bottom-up selection process that lets us focus on the truly attractive stocks
a seamless combination of quantitative and qualitative valuation strategies
the flexibility of a small and active investor with a passion for performance
founder-class discounts that benefit you:
- 15/1 instead of 20/2

Why we succeed where others fail

As a nimble and small fund, we are able to look for opportunities in places not feasible for the star managers of big banks and hedge funds.
In contrast to many competitors, we seamlessly combine quantitative with qualitative analysis, which allows us to exploit opportunities given to us by parties that fail to do this right.
The number of managers pursuing similar strategies is relatively small compared to the market and it is one of the least crowded strategies at this moment.

Our Investment Philosophy

Given our track record, we strongly believe in (our) active management
We base our strategy on fundamental analysis: valuing companies based on their ability to return capital on a long timeframe (Discounted Cash Flow)
We love numbers, but we need to know what is happening within and outside the companies we find attractive. Analysis is our expertise and requires a lot of time, but it pays off
We are able to identify opportunities within any industry, and through our models we have identified opportunities in a broad part of the market, with room in our portfolio for Tech, Banks, Energy, etc.
Because we are different, we are not afraid to overweigh our portfolio wherever opportunity arises: We focused on Apple and LinkedIn when they dipped in 2017, we went hard on Energy in 2021H2, and we are looking at several Tech companies right now for the future.
While we don’t aim for this specifically, our approach leads to an acceptably diversified portfolio of stocks that we strongly believe will outperform in the next 6-36 months.

Our method

Screening of over 30.000 companies (only >100 MN EUR Market Cap) using proprietary criteria that we believe help identify outperformers (~98% falls off)
Manually screening for data irregularities and qualitative reasons to discard certain companies (~90% of remaining stocks fall off).
A thorough analysis for every single company still under consideration, ranking them and discarding until our top 15/30 remains.
A narrow portfolio remains that we can hold with confidence.
We update our inputs regularly and continuously monitor for news. When we consider the picture has become unattractive, we sell with confidence (whether this materializes a profit OR a loss)

Why choose the ARAR Fund?

Expertise, passion and a fantastic private track record
Investors deal directly with the CIO instead of Account Managers and other 2nd hand information dealers
A perfect environment for outperformance of fundamental value based strategies by those with confidence, expertise and dedication
A very highly aligned interest: >75% of personal liquid wealth of CIO invested in the fund
A fund with an extremely simple portfolio with no room for hidden risks
A founder-class fee structure that favors the bold

Who are ‘we’?

Pendelhaven Asset Management B.V. acts as the Fund Manager of the Van der Mandele ARAR Fund and is managed by its founder, Joost van der Mandele, and supported by its Senior Investment Analyst, Peter Hoogendijk.

J.P. van der Mandele
Founder and CIO
Pendelhaven Asset Management B.V.
Founder ARAR Fund

Joost van der Mandele

-15 year of experience in Financial Markets at some of the world’s top trading firms (Van der Moolen, Flow Traders, IMC)

-Experience with multiple >10 mio EUR portfolios and previously responsible for analysis at one of the most profitable trading floors of Europe

-A career focused on analysis AND performance

P. Hoogendijk
Senior Investment Analyst
Pendelhaven Asset Management B.V.

Peter Hoogendijk

-More than 20 years trading experience

->15 years managing partner at ORA Traders

-Active Portfolio Manager

Performance of the Van der Mandele ARAR Fund:

*: Founderclass A, as available to new investors
**: Euro denominated iShares MSCI ACWI (Acc) ETF (IUSQ)

Got curious? Get in touch!

This is a marketing communication. Please refer to the Information Memorandum of the Van der Mandele ARAR Fund and the KID before making any final investment decision.