Visium Asset Management
Visium has a staff of over 160 professionals and manages over 7 billion in firm assets with a primary focus in fundamental equity l s strategies.
Visium asset management. As a result the credit fund reported falsely inflated returns overstated its net asset value misclassified certain distressed assets and overpaid performance and management fees. The commission ordered visium to pay to the commission disgorgement of 4 755 223 prejudgment interest of 720 711 and a civil money penalty of 4 755 223. Visium asset management jacob gottlieb founder of new york based visium asset management gathers with prominent hedge fund managers once a month for leisurely poker games that focus more on. That year three of the company s traders were indicted by united states federal authorities for securities fraud.
Visium asset management was founded by jacob gottlieb in 2005. We would like to show you a description here but the site won t allow us. Visium managed several investment funds with about 8 billion of assets under management and 170 employees at its peak in 2016. The fund told investors of its plan to close in a letter friday.
Visium asset management lp was an american multi strategy hedge fund that began as a healthcare focused hedge fund founded by jacob gottlieb in 2005. The founder of a hedge fund firm that shut down after an insider trading scandal is considering raising money from clients again. Visium asset management a multibillion dollar hedge fund has imploded in the biggest scandal to hit the industry in years. Jacob gottlieb who liquidated visium asset management lp beginning.
Though this hedge fund initially specialized in health care stocks the firm now manages over 3 5 billion in its broader range of. Visium asset management is a investment management firm based in new york.