Visium To Launch Multi-Strat. Fund Next Month

Feb 16 2010 | 4:33am 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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