Visium To Launch Multi-Strat. Fund Next Month

Feb 16 2010 | 3:33am ET

Healthcare hedge fund shop Visium Asset Management will launch a new fund on March 1. On the same day, it will close its $1.5 billion flagship to new investments.

New York-based Visium’s third fund will be a multi-strategy vehicle. It has been seeded by Visium’s partners with $100 million, according the Hedge Fund Alert.

Visium also manages a credit fund with $30 million in assets. That fund was launched last May, and returned 19.9% in its first eight months.

Visium recently hired former SAC Capital Advisors fundraiser Jason Huemer as president.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…