Matthew Stadtmauer

Mr. Matthew David Stadtmauer, also known as Matt, serves as the Managing Director of Joyal Capital Management, LLC. Mr. Stadtmauer served as the President of FRM Investments (USA) LLC. He served as the President of Pine Grove Asset Management LLC. Previously, Mr. Stadtmauer served as the Head of Non-Investment Operations at Pine Grove Associates, Inc. since October 2010 and focused mainly on marketing and business development. He served as the Chief Executive Officer and President of Pine Grove Alternative Institutional Fund. Mr. Stadtmauer joined Pine Grove Associates in September 2010 as a Strategic Advisor. He served as the Chief Executive Officer and Managing Partner of UBP Asset Management LLC (also known as Union Bancaire Privee Asset Management LLC). Mr. Stadtmauer joined UBP in 2002. He primarily oversaw the non-investment side of the business. Mr. Stadtmauer served as a Vice President of Managed Futures Division at Salomon Smith Barney (also known as Citigroup CIB). He was responsible for sales and marketing of all proprietary managed futures funds. Mr. Stadtmauer joined Citigroup CIB in 1997. He served as a Portfolio Administrator of value and growth funds at Mellon Private Asset Management. Mr. Stadtmauer serves as a Director of Selectinvest ARV II Ltd. He has passed the Series 7, 31 and 63 examinations administered by the National Association of Securities Dealers, Inc. He has been a Trustee of Pine Grove Alternative Institutional Fund since 2013. Mr. Stadtmauer holds a B.S. in Consumer Economics from the University of Delaware.