Weiss Asset Management is Unrelated to Weiss Multi-Strategy Advisers LLC

BOSTON–(BUSINESS WIRE)–Weiss Asset Management (“WAM”) is an investment manager based in Boston, Massachusetts founded by academic economist Andrew Weiss. WAM is completely unrelated to Weiss Multi-Strategy Advisers LLC, which is based in New York and was founded by George Weiss.

There was a report today that Weiss Multi-Strategy Advisers plans to close operations in the near term. Such closing will have no effect on WAM, which will continue seeking to provide value to its investors.

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