As a result of the transaction close, Matthew Stadtmauer, formerly President of Pine Grove has become President of FRM.
Furthermore, Bedell has received regulatory approval from the Jersey Financial Services Commission to provde depositary services from its Jersey office to all JFSC regulatory categories of investment funds.
The company will advise corporates, policy makers and entrepreneurs on strategy across areas including capital raising, corporate finance, mergers and acquisitions.
Figures collated by the JFSC show that, as at 22 July, a total of 164 funds had opted to make use of Jersey’s private placement route into Europe.
His Artist Pension Trust consists of about 10,000 artworks from 2,000 artists. Now that it has turned ten years old, works from the collection have begun to be sold.
In the ETF market, the Barclays Women-In-Leadership ETN (WIL), which just launched last week, invests in U.S. companies that either have a woman as chief executive officer or that have women represent at least 25 percent of its board of directors.
The fund is registered for sale in Austria, Germany, Switzerland and Luxembourg. It is available in two currency-hedged share classes, these being Swiss francs and euros.