By Claire Makin
Albert Hallac, chief executive officer and founder of Weston
Capital Management, began planning Weston’s third
seeding vehicle in late 2009 as new managers began to emerge
from the wreckage of the financial markets.
Weston, an alternative investment and seeding firm with offices
in New York, London and Palm Beach, was founded in 1993. It
began seeding emerging hedge fund managers in 2003, and so far
has launched 13 managers, helping them reach a peak asset under
management level of nearly $2 billion.
One of its more recent seeds, White Oak Global Advisors, a
specialist in direct lending and private credit strategies, has
doubled in size this year and now stands at $600 million.
So far, so good. But Weston now intends to take its seeded
funds to a bigger and broader audience partly through the use
of new structures.
Weston’s new custom solutions...