In June, the Justice Department and SEC accused a consultant named Gordon Johnston of providing illegal tips to hedge fund Visium Asset Management that he had received from a former colleague at the Food and Drug Administration. Johnston is .
He'll testify with a grant of immunity from prosecutors. Lumiere joined Visium in 2007, two years after his sister Alexandra got engaged to Gottlieb. He was in charge of overseeing distressed assets within the credit fund , which managed $470 million at.
Insider-Trading Case Ensnares Hedge Fund New York Times.
Hedge-fund firm Visium Asset Management LP will unwind the remainder of the firm after reaching a deal to sell one fund to asset manager AllianceBernstein LP AB, +0.21% according to an investor letter Friday afternoon reviewed by The Wall Street Journal.
Visium Asset Management’s low average return since the end of last quarter is owed to several of the fund’s larger holdings producing very low returns. For instance, Ardea Biosciences Inc (RDEA), Visium’s 25 th largest position, had a negative 41.
A prominent Washington health-care consultant passed confidential government information to a former portfolio manager for Visium Asset Management LP who then used it to trade securities in advance of the public announcement, according to testimony in.
Steve Cohen, the billionaire hedge- fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund , Stamford Harbour Capital, a likely investor who has reviewed the deck.
NEW YORK, June 17 (Reuters) - Hedge fund Visium Asset Management told investors on Friday evening that it is shutting down the 11-year-old firm, after selling one of its portfolios to asset manager Alliance Bernstein. The news comes two days after a Visium.
Valvani drove profits at Visium Asset Management , an $8 billion New York hedge fund that had been on the rise. He was insistent about his innocence from the start. He hired one of Wall Street's top defense attorneys and told friends that he'd be fine.
Visium Hedge Fund Being Investigated by Justice Dept. and SEC New York Times.
Jacob Gottlieb’s Visium Asset Management, the once high-flying hedge fund firm that at its peak managed $8bn, is shutting down four of its remaining hedge funds after one of its star managers was arrested and accused of insider trading. The New York.
Visium Insider-Trading Case Ensnares Former FDA Official Wall Street Journal.
Ex- Visium Trader Says Gottlieb Neglected Mismarking Warning Bloomberg.