Funds of Hedge Funds Mergers & Acquisitions / Joint Ventures Wrappers / Structures

Fund.com buys Weston to enter ETF market

by

Fund.com has bought Weston Capital Management, a hedge fund manager and distributor. The West Palm Beach firm was founded by Albert Hallac in 1993 and has been running three businesses: it originates and markets funds of funds; it originates and markets single-manager hedge funds; and it raises capital to seed new hedge funds, earning fees on more than $1 billion under management.

In 2010, Weston Capital and Harcourt, an alternative investments manager that is majority owned by Vontobel Group, formed a strategic alliance for investment manager identification and fund seeding. Hallac continues as chief executive officer of Weston