Ludo Philippaerts has announced the creation of a Belgian fund that will invest in top horses. The fund will according to horses.nl be named BSF (Belgisch Springpaarden Fonds), and at first introduce twelve horses between five and nine years old. The twelve horses are all owned preliminary by Philippaerts. The background for the initiative is that too many Belgian top horses are sold to foreign countries such as Qatar, Saudi Arabia, Canada and Ukraine. As a consequence Belgium lacks top level horses for their own best riders – especially up and coming ones.
The initiative is similar to the already existing Springpaarden Fonds Nederlands (SFN), which was created in Holland to prevent talented Dutch horses from being sold abroad and thus being lost for the country's own top riders.
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