Bill Winters, the former co-CEO of JPMorgan Chase, has launched an asset management and advisory firm, Financial Times reports. The new venture is supported by two European family investment groups, RIT Capital, the vehicle of Jacob Rothschild, and Johann Rupert’s Reinet fund.
Winters will own 50% of the new firm, Renshaw Bay, while London-based RIT and Reinet Investments, a Luxembourg-based investment company chaired by Rupert, will own the rest, adds Bloomberg. Renshaw Bay will focus on risk management and alignment between investors and investment managers.
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