Last May 21st 2008, the finance and trade sectors were shaken by the news that private investment firm Arrow Capital Management LLC, which is headed by accomplished investor Alexander von Furstenberg, pursued strong and bold efforts in buying a 45% of W.P. Stewart and Company Ltd stake. This would mean that the latter company’s capital position would improved, increasing its shares up to as high as 14%.

The proposal, tendered by Alex von Furstenberg, was supposedly expected to be employed on May 28th last year. (Alex von Furstenberg joined the W.P. Stewart’s board last November 2008.) The proposal is neither a subject of investor approval, nor funding conditions. Every partnership by which the firm makes investments holds a voting interest of a maximum of 10% of post-transaction shares. Under the 2008 proposal, von Furstenberg’s Arrow Capital Management would have a higher voting interest of up to 25%.

Alex von Furstenberg formed the private investment business Arrow Capital Management aiming to partner with several companies and investing mainly in public equity securities. At Arrow Capital, which is headquartered in New York, he is not only functioning as its founder and chief investment officer, but also serves as a co-managing member, together with business investor Mal Serure.