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George Weiss, 81, and Chief Investment Officer Jordi Visser, 57, ran the $2.3 billion firm with the glitz of larger multistrategy rivals, but without the discipline, the ruthlessness to cut...
Jan 25, 2022 · The hedge fund firm founded by George Weiss 40 years ago is changing its approach to investment decisions, transparency, and retail and adviser market. Learn how Jordi Visser, president and CIO, is leading the transition and launching liquid alternative funds.
- Julie Segal
May 22, 2024 · How did one of the world's oldest hedge funds go bankrupt after 46 years in business? The article reveals the missteps, mismanagement and lawsuits that led to the collapse of Weiss Multi-Strategy Advisers LLC, founded by George Weiss.
May 31, 2024 · As his hedge fund empire teetered on insolvency, George Weiss allegedly agreed to personally backstop debt to keep lender Jefferies Financial Group at bay.
George Martin Weiss (June 23, 1894 – August 13, 1972) was an American professional baseball executive. Elected to the Baseball Hall of Fame in 1971, Weiss was one of the Major Leagues' most successful farm system directors and general managers during his 29-year-long tenure with the New York Yankees.
May 14, 2024 · Bloomberg News. Weiss filed for bankruptcy, a rare hedge fund occurrence. Firm is embroiled in a legal battle with its biggest creditor. The order came down from George Weiss, hedge fund pioneer: Sell. Sell it all. The fund was closing, he said, near tears, to a group of portfolio managers over Zoom. Employees were floored.
“Every journey has twists and turns, and after careful consideration of various factors and circumstances, I have arrived at the difficult decision to conclude this journey,” George Weiss, the firm’s founder and chief executive, wrote in a letter to clients and partners.
