Bill Winters, formerly the co-chief executive of JP Morgan Investment Bank, has started a new asset management company backed by RIT Capital Partners plc, a U.K. investment trust, and Reinet Investments SCA, a Luxembourg investment vehicle.

The new company, Renshaw Bay, is half owned by Winters, who is the chief executive and chairman; RIT and Reinet own the balance. The business will advise established funds and new investment companies. It may also create or acquire its own investment management capabilities.

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