Theta Capital Management, the leading independent fund of hedge funds manager based in Amsterdam, the Netherlands, is expanding its team with the hiring of Mark Vandertoorn as Head of Operations & Finance per 1 July 2006.

Following the joining of Marco Smelter and Thomas Heidstra as portfolio managers earlier this month, the latest expansion brings the total number of investment professionals at the hedge fund boutique to seven.

Mark joins from Fortis Multi Management where, as Head of Operations, he was responsible for the administration and operations of all fund of fund products (both alternatives and long-only) of the Fortis Group, with total AUM approximately EUR 5 billion. At Fortis, Mark developed and maintained an operational due diligence program of the fund of hedge fund team; a function he will perform at Theta Capital Management as well.

Before joining MeesPierson’s Private Financial Services group (the predecessor of Fortis Multi Management) in June 2004, Mark was at Fortis Fund Services (Curacao) where he supervised a staff of 10-15 accountants and was responsible for the administration of about 20 hedge funds. Until May 2000, Mark worked in the Forensic Accounting department of Grant Thornton in Toronto, Canada. Mark is a Chartered Accountant (CA), a Chartered Financial Analyst (CFA), and obtained his MBA from McGill University, Montreal, Canada in 1996.

Tjeerd de Vries, Director of Theta Capital Management: “With the addition of Mark to our team, we further strengthen our capabilities and position as leading independent fund of hedge funds manager. This move is in line with our philosophy that successfully managing portfolios of hedge funds requires an investment staff with diverse and complementary skill sets. It also reflects our ambition to cater both private and institutional clients with the best alternative investments services.”

For further information:
Wouter B. ten Brinke, CFA           +31 20 5722 735           
tenbrinke@thetacapital.com