Kabouter Management

Kabouter Management (Kabouter) is an Illinois-based hedge fund manager founded in 2003 by Marcel Houtzager and Peter Zaldivar as a way to manage the wealth acquired from the sale of Wanger Asset Management. Before forming Kabouter, Marcel Houtzager, and Peter Zaldivar were principals at Wanger Asset Management, where the two co-managed international equities portfolios beginning in 1996. Kabouter began taking outside money in January 2004 and became an investment adviser registered with the SEC in July 2010. The firm is recognized as a Minority Business Enterprise in the city of Chicago. Kabouter currently offers long-only investment strategies focused primarily on the equity securities of micro, small, and/or mid-sized companies outside the United States and emerging markets. The portfolios utilize a fundamental, long-term holding strategy. All Kabouter strategies are managed using the same investment process and by the same team.