Sat, May 25, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Industry Updates

Weston Capital Management and Harcourt AG form an incubation joint venture

Thursday, November 05, 2009
Opalesque Industry Updates - Weston Capital Management LLC, an independent alternative investment group, announced today that it has formed a joint venture with Zurich-based Harcourt Investment Consulting AG, a leading global provider of alternative investment solutions for institutional investors.

The strategic alliance will seed and develop new hedge fund businesses via Weston Capital’s incubation platform. The alliance will combine Weston’s extensive experience in early stage hedge fund investing and marketing with Harcourt’s proven investment expertise in global manager selection, due diligence and risk management.

"Through our collaboration with Harcourt, we will further expand our seeding platform with a valuable institutional long-term partner that brings enormous alternative investment expertise to the table. The partnership brings the strengths of each organization together to form a robust and far reaching strategic incubation business,” said Albert Hallac, Chairman and Founder of Weston Capital Management LLC.

Since January 2004, Weston Capital’s hedge fund seeding platform (via the Weston-Atlas Partners Fund and the Weston Capital Partners Fund II) has provided sponsor capital for 13 emerging hedge fund managers. Weston intends to close Partners III, its third incubation fund, at $250 million, with Harcourt providing investment infrastructure and risk management.

Stephan Fritz, CEO of Harcourt said: “Seeding and incubation is a highly specialized field in the area of hedge fund investing. We are pleased to combine our institutional investment process with a leading firm in the seeding space, and we look forward to a successful strategic collaboration.” Corporate websites: www.westoncapital.com and www.harcourt.ch

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  4. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  5. A SQUARE Index returns: The Opalesque A SQUARE Index gained 1.39% in the first month of 2013. The A SQUARE Funds of Funds Index performed slightly worse with a gain of 0.68%.