Weiss, Leucadia In Strategic Relationship
Weiss Multi-Strategy Advisers LLC (“Weiss”), an asset management firm with 40 years of trusted performance and dedicated client service, today announced a strategic relationship with Leucadia Asset Management, the asset management arm of Leucadia National Corporation (“Leucadia”), a diversified financial services company. As part of this new alliance, Leucadia, which conducts its investment banking and capital markets business through Jefferies, has agreed to make an investment into Weiss’ multi-strategy hedge fund business.
The combination of Weiss' long history of strong performance, brand recognition and innovative culture, along with Leucadia's and Jefferies’ well-recognized and respected financial services presence, provides both firms with the capabilities to achieve superior results and growth from this strategic relationship.
“We are thrilled to partner with Leucadia to help execute our vision for Weiss’ future. Leucadia’s investment further strengthens our expansion plans as we begin writing the next chapter of the firm,” said Jordi Visser, President and Chief Investment Officer at Weiss.
“As we celebrate our 40th anniversary, I feel the firm has the enthusiasm of a startup. Leucadia is the perfect partner to bring us into the next generation of asset management,” said George Weiss, Chief Executive Officer and Chairman at Weiss. “I’m very optimistic about the future of our firm and the direction in which we’re headed.”
“We are pleased to partner with Weiss as it continues to build on its long history of success,” said Rich Handler, CEO, and Brian Friedman, President at Leucadia. “We look forward to working together with George, Jordi and the entire Weiss team, and are excited about the future prospects of our firms.”