Edelweiss Alternative Asser Advisors has over $2 billion worth of assets under management. : Edelweiss Alternative Asset Advisors, part of Edelweiss Financial Services on Monday said it would be acquiring two funds of Milestone Capital Advisors – Milestone Opportunities Fund 10 and Milestone Commercial Advantage Fund. Both the funds are Sebi-registered Category II alternate investment funds with a combined assets of over Rs 1.5 billion. Edelweiss is also absorbing the investment team of these funds. Edelweiss Alternative Asser Advisors (EAAA) has over $2 billion worth of assets under management.