The London-based asset manager of the Montello Income Fund has formed a distribution unit that will focus on promoting alternative investments, FINalternatives reports. Montello Private Financing has appointed Andrew Wood to head Montello Distribution. The Montello Income Fund gives money directly to end borrowers in the U.K. real estate bridging finance market, with a focus on London residential property. The fund, which was launched in early 2010, raised over £20 million as of September 2010.
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