In 2016, Visium Asset management announced that they would be closing down its business. Jacob Gottlieb was the CIO of the company at the time of closure. The charges caused its closure. Jacob is the only crucial personality who has been left working at Visium. Having founded the entity in 2005, Jacob has remained at the mantle of the company as its CIO as it winds down its business.
Gottlieb created a healthcare-focused hedge fund with 20 other partners. The fund provided a good match for his medical degree attained from NYU’s School of Medicine and extensive experience in the finance sector. When he was done with his medical internship, he decided to join the finance sector, rather than get employed.
Jacob’s journey started in 1998 when he took up the position of a buy-side analyst at Sanford C Bernstein. Later on, he left Sanford to work as the healthcare portfolio Manager with the Merlin Biomed Group. However, Jacob did not stay in the organization for long before moving on to Balyasny Asset Management (BAM). At BAM he built a portfolio and earned a reputation as the top earner in the company.
Jacob pursued his vision to manage more cash by leaving with his team from BAM and venturing into Visium with $300 million seed capital. By the time of the charges, he had grown the hedge fund to an eight billion dollar fund and employed 170 workers. He was not found to have done anything wrong; therefore, he continued serving his duties.
Joshua Brown, a partner, and portfolio manager joined Paulson & Co as a Senior Vice President. Steven Ku, the COO became an executive minister at NextGen Church. He is involved in the financing and administration of the church. Ron Pellegrin, a member of the executive team, founded Consumer Health Ventures with his dad, Arie Belldegrun. The company invests in consumer health companies. Finally, Neetu was a Senior Analyst at Visium. He is currently a healthcare investor and was involved in the Hillary Clinton campaign.