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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...