Weisshorn Capital is a private investment and trading vehicle based in Amsterdam. We do not advertise, we do not solicit; we entertain only those introductions we have sought. Our work is conducted quietly, on behalf of those we know, in matters we have chosen to enter.
We conduct our work along measured lines. We do not measure ourselves by noise, by haste, or by example. We are answerable to our investors and to the standard of conduct we have set for ourselves. What follows is not a statement of intent; it is a description of the manner in which we work.
We do not enter into matters with persons we do not know, nor with persons our counsel cannot verify. The character of those with whom we deal is, to us, the substance of the deal itself. The rest is paperwork.
Settlement is undertaken through established institutions, against documents that can be examined and instruments that can be relied upon. We do not improvise the architecture of trust; we work within the one the world has already accepted.
We engage as one engages with a counterparty one expects to know for a generation. The first matter undertaken between two firms is, in our view, the least important; what follows defines the relationship.
Of those who deal with us, we ask only the same courtesy in return: that the affair, its parties, and its terms remain between us.
We concern ourselves with two kinds of work, conducted in the same spirit and to the same standard. Beyond these we do not stray; within these we proceed only where the matter, the counterparty, and the timing each appear sound.
We arrange the movement of selected physical commodities between producers and end-users we have come to know. The instruments employed are those long-established for such matters: documentary credits, recognised inspection, settlement through banks of standing. We do not deal in haste, and we do not deal in volume for its own sake.
We hold, on behalf of our investors, positions in private undertakings and real assets selected for their lasting character. We do not pursue exits as a matter of course; we hold what we have chosen to hold, and we are attentive to those in whom we have invested. The composition of these holdings is, properly, a private matter.
Our principal concerns are the trade in copper, and the trade in petroleum, both crude and recovered, between the regions where they are produced or gathered and the industries that consume them. The conduct of these trades is described below; the manner in which others, properly introduced, may share in the matter follows in turn.
We acquire copper at the source — through teams of our own engagement and warehousing taken in our own name. The material is sorted in country to the bare bright grade, consigned by container to the Port of Rotterdam, and sold to industrial buyers we have come to know across the Netherlands, Germany, and Belgium. The price we receive is referenced to the London Metal Exchange and settled in euros, as merchants have settled their accounts for as long as goods have moved between continents.
We acquire crude at the wellhead — principally Nigerian Bonny Light and Angolan Cabinda — through producers known to us, and through cargoes lifted in our own name. The material is loaded at Bonny and Malongo, delivered by vessel to the Rotterdam–Antwerp range, and sold to refiners we have come to know in the Low Countries and along the Rhine. The price we receive is referenced to dated Brent and settled in dollars, as the trade has been conducted since oil first moved by ship.
We gather used motor and industrial oils across West and Southern Africa, alongside the copper trade — through agents under our engagement, and warehousing taken in our own name at the points of collection. The material is consolidated, shipped by drum and ISO tank container to the Port of Rotterdam, and sold to European re-refiners who restore it to base oil for the lubricant trade. The price we receive is fixed per cargo, referenced to the European base-oil market, and settled in euros, the principle being that what has served once may, properly handled, serve again.
For those known to us, and for those properly introduced, three vehicles exist in Luxembourg — one for each of the trades described above, so that each may be held on its own terms, and so that an investor takes part on the same terms as ourselves. The minimum interest in any vehicle is one hundred thousand euros. Returns follow from the trade as conducted; they are not promised, and where the trade rewards patience, they have rewarded it well. Distributions are made on the half‑year. The figures, and the basis on which they are reached, belong properly to the memorandum, and are conveyed in confidence to those who enquire. Participation is reserved to professional investors as the law defines that term.
This page is of information only, and does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation would be improper. The vehicles are offered to professional investors as defined under applicable European regulation, in accordance with the marketing rules of the relevant jurisdictions. Investment in physical commodity trading involves substantial risk, including the loss of capital subscribed. Returns referred to are projections, not promises.
Weisshorn is owner-led and conducted personally. Decisions of consequence are taken at the centre, supported by counsel of long standing — legal, financial, and otherwise — whom we have engaged for their judgement and their discretion. We do not publish their names; we do not need to.
Mr. Westerveld conducts the affairs of Weisshorn Capital. He attends personally to each matter undertaken and to each relationship of consequence. He is reached through the office.
A fuller account of Mr. Westerveld’s standing and engagements is, properly, conveyed in person and in confidence.
We are served by counsel of standing in the Netherlands and abroad — legal advisors, bankers, accredited inspectors of merchandise, and a discreet network of introducers, of long standing. The identities of those engaged on a given matter are disclosed in the proper place: within the engagement itself, and to its proper parties.
We welcome correspondence on matters of substance. We reply where reply is warranted, and we are pleased to leave further conversation to its proper setting. Every message is read at the centre.