Posts Tagged ‘Albert Hallac’

Weston ETFs: Odd Couple in Flourishing Market

April 1, 2010

Chidem Kurdas

Only a few years ago, there wasn’t much common ground between hedge funds and exchange-traded funds, except that the former sometimes traded the latter. Now we see an established hedge fund seeder and fund of funds manager,  Albert Hallac’s Weston Capital, joining forces with an ETF developer and marketer.

Raising money for hedge funds via the usual private placement route is tougher than it’s ever been. Hence other ways of getting capital look attractive. As the Weston announcement says, “The ETF sector has assets more than $1 trillion and is the fastest growing segment of the fund management industry.” (more…)