Marcel Herbst Joins Weston Capital
NEW YORK, NY - April 1, 2010 - Weston Capital Management LLC ("Weston Capital") is pleased to announce that Marcel Herbst is joining the firm effective April 1, 2010.
As a member of the management team, his
role will be to lead the global distribution efforts, work on creating strategic partnerships, and oversee the further development of the firm.
Marcel spent the previous eight years at Harcourt AG as Managing Director of Harcourt's US presence (where he was also on the board), as well as Executive Director of the Harcourt Group.
is a leading institutional fund of hedge fund with approximately $4.5b AUM, and is joint venture partner with Weston on the Weston Capital Partners Fund III
, an incubation fund.
Says Albert Hallac, CEO of Weston Capital: "We are excited to have Marcel join the firm.
Weston is currently engaged in various strategic projects and we trust that the arrival of a seasoned executive such as Marcel
will serve to further and positively impact our firm, clients and partners alike."
Says Marcel Herbst
: "This is a great time to be in seeding and I believe that Weston Capital
is perfectly positioned to play a significant and growing role in this business.