Visium

Smart Money Insights: Weekly Brief June 20

The Collapse of Visium At its peak, Visium Asset Management oversaw $8BN across five hedge funds and a mutual fund focused largely on the health care sector. The firm recently announced that it is liquidating four of its funds and selling another to AllianceBernstein. The liquidations followed the arrest of a high-profile portfolio manager at Visium for insider trading. Visium’s flagship Balanced Fund was down approximately -9.3% YTD through May and the firm has been hit with a wave of redemptions following the disclosure of the insider trading investigation. Meanwhile, investors will need to wait several months for their capital …

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