Hedge Fund Firm Visium Asset Management Buys Credit Shop

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.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note