VLK cashes in on back-to-back hedging strategy

Van Lanschot Kempen (VLK) has posted a net profit of €143.8m (US$161m) for 2021, up from €49.8m in 2020. Client assets grew by 14% to €131.1 billion, the highest ever for the company, and assets under management (AuM) climbed to €112.1 billion (2020: €99 billion). The result on structured products activities stabilised at -€1.3m (2020: -€33.2m) due to the combined effect of trading activities, secondary market sales and the winddown of its macro-hedging portf