Incubation specialist offers cash and T.L.C. to seed managers in exchange for unusually tight contracts
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