It is an announcement that Visium Asset Management made in June 2016. The organization made it clear that they were winding down in business due to the charges that came from mis-marking of the bond. Jacob Gottlieb is the CIO of this organization, Visium Asset Management. He is even the only principal executive that is still standing for the organization. Jacob is like a captain that can never abandon his sinking ship. This love for the company is after he started it in the year 2005 and he is still playing his CIO role even as Visium is winding down.
Visium Asset Management is a healthcare hedge fund that was established by Gottlieb and his 20 investing partners. When they were starting this company, Gottlieb was the perfect match because he was having experience in the field of finance. He is a graduate of NYU medical school where he attained his medical degree. When Gottlieb completed his medical course, then went for his internship, it is the time that Jacob realized his attraction in finance. It is time he started seeking a job on the wall street.
Jacob Gottlieb first job was at Sanford Bernstein company in 1998. He was employed by the firm to work as it’s buy-side analyst where he was covering the global healthcare. He later left the organization after working for years where he continued with the career at Merlin Biomed Group as it’s healthcare portfolio manager. He worked at Merlin for a short time, and he moved to work for Balyasny Asset Management. In this organization, Jacob Gottlieb was able to build a team and also made his reputation where he became the firm’s top earner. It is from here that Gottlieb wanted to manage a massive amount of money and together with his team, they left from working at BAM. They had more than $300 million, the money that they used to start their organization, Visium Asset Management.