Fund.com, Inc. (FNDM.OB) Announces Strategic Acquisition of Weston Capital Management
Today before the opening bell, Fund.com, Inc. announced that it has acquired Weston Capital Management, LLC, an originator and distributor of hedge funds. Founded in 1993 and headquartered in West Palm Beach, FL., Weston Capital earns fees on assets exceeding $1.0 billion under management. Weston Capital has three lines of business: originating and marketing fund of funds; originating and marketing single-manager hedge funds; and raising capital to seed new hedge funds. Earlier this year, Weston Capital and Harcourt AG formed a strategic alliance for investment manager identification and fund seeding. Harcourt, a $4.5 billion alternative investments manager that is majority…