Friday, 25 July 2014
Last updated 8 min ago
Apr 6 2011 | 6:25pm ET
New York-based hedge fund firm Visium Asset Management has acquired the business and investment teams of Catalyst Investment Management Co., which specializes in credit and event-driven strategies.
"With our larger products near capacity and closed to new investment, strategic initiatives like Catalyst allow us to strengthen our existing capabilities by bringing world-class investment expertise into the firm," said Jacob Gottlieb, founder and managing partner of Visium. "At the same time, Visium's best practices will enhance Catalyst's investment and business processes."
Catalyst's seven-person team will join over 60 investment and business professionals at Visium. The Catalyst team will continue to run the existing Catalyst equity event-driven and credit strategies, which have $250 million in assets under management. They will be supported by Visium's infrastructure in risk management, legal, compliance, client service, technology, finance and operations.
Terms of the deal were not disclosed.
Visium was founded in 2005 by Gottlieb. The firm currently manages $2.7 billion in long/short equity, credit, and multi-strategy vehicles.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…