Weston-Atlas Partners Funds, a joint seeding venture between Weston Capital Management, Atlas Capital Group and RMB International Ltd, has announced it is seeding a distressed debt manager based in Los Angeles.
BreakWater, run by Gregory Jordan, Richard Jakob and Christopher Jacobs, is launching its BreakWater Opportunity Funds on July 1. Weston-Atlas will allocate initial trading capital to BreakWater as well as connecting the firm with clients and marketing expertise. BreakWater's principals have experience in areas ranging from private equity and restructurings to loan and high-yield debt.
The Weston-Atlas Partners Funds has also seeded Sequence Capital, a U.S. long/short