Year Fund News

Former senior Goldman Sachs and HSBC banker Matthew Westerman is launching a private investment firm alongside a former colleague and a Greek shipping tycoon, he said on Friday.Westerman will partner his former Goldman Sachs colleague Julian Metherell and Peter Livanos, who owns Greek shipping company Ceres Hellenic, in a new firm called MW&L Capital Partners.The trio will invest in small-to-medium sized targets based on knowledge built up in their respective careers covering financial services, oil and gas, and shipping, Westerman said."We think there is a gap in the market for long-term capital; ours is not '5 year fund money' so we don't have money burning a hole in our pockets and we can afford to be flexible and supportive of management when we see an opportunity…

METS organizer Amsterdam RAI invites government-approved, marine-related public charities to apply for the registration proceeds from the Design Award METS (DAME) competition. “We are hoping many charities will apply for this year’s fund,” said Irene Dros, METS Domain Manager. To date, the DAME Award – which is a respected annual industry reward for innovative leisure marine product design – has raised approximately €18,000 for worthy causes each year. The annual donation varies according to the number of entries registered. Last year, AMREF, Flying doctors received the donation. AMREF is the designated charity of Amsterdam RAI and therefore receives the DAME donation in even years.

A charity fund set up by North P&I club last year as part of its 150th anniversary initiatives has raised a total of US$150 000 for maritime and local charities. Chairman Albert Engelsman of Dutch shipping group Wagenborg presented US$50 000 cheques today (29 March) to international maritime welfare charity the Sailors’ Society and the UK’s Royal National Lifeboat Institution (RNLI), which provides a 24-hour lifeboat search and rescue service around the British coastline. A further…