Funds of Hedge Funds People Moves

Weston takes on Harcourt's Herbst


Weston Capital Management has hired Marcel Herbst as a member of the management team. His role will be to lead the global distribution efforts, work on creating strategic partnerships, and oversee the further development of the firm.

Herbst has spent the previous eight years at Harcourt as managing director of Harcourt's US presence, where he was also on the board, as well as executive director of the Harcourt Group. Harcourt is a Swiss-based $4.5 billion fund of hedge funds and has a joint venture with Weston on the Weston Capital Partners Fund III, an incubation fund.

Albert Hallac, chief executive