Fund.com, Inc. (FNDM.OB) Finalizes Acquisition of Weston Capital, Moves to Dominate Active ETF Market World Wide
Fund.com (FNDM) subsidiary, AdvisorShares, can now maximize leverage from its proprietary exchange-traded fund platform and worldwide distribution capacity, providing FNDM the ability to offer hedge funds and actively-managed ETFs to retail and institutional customers on a global scale, thanks to the recent acquisition of Weston Capital Management, a fund of funds (FoF) and single-manager hedge fund developer (actively engaged in raising capital to seed new hedges). CEO of FNDM, Gregory Webster, noted the abundant, parallel synergies between AdvisorShares and the West Palm Beach, Florida-based Weston Capital, which possesses the global footprint that will prove indispensible to capitalizing on the framework…