Visium Expands Into Healthcare Royalties, Hires Paul Capital Team

May 30 2013 | 10:48am ET

Visium Asset Management is expanding into healthcare royalties with a team from Paul Capital.

The group of four, led by Ken Macleod, will join the New York-based multi-strategy firm on June 1. It will continue to manage Paul Capital's healthcare and royalty funds as subadvisers.

"Health-care royalty investing is a natural fit with Visium's growing business," firm founder Jacob Gottlieb said.

In addition to Macleod, Visium is adding John Leone, David Lippman and Julie Rahman. The team will be split between New York and London.

Visium has $4.5 billion in assets under management.

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