Jacob Gottlieb Rises Again From the Ashes
Jacob Gottlieb, former chief investment officer of the infamous Visium Asset Management, has re-ignited his interest in putting up a hedge fund again. This is after in 016 he was snared into insider trading allegations that saw him shut down his firm after they were found to be employing malpractice in the firm. When everybody in the investment community thought that he was down and out, he has risen again from the ashes to take another swing at the business. Visium closed its doors after employees were found guilty of maliciously raising the value of assets, mismarking as well as taking part in insider trading.
Gottlieb survived the ordeal after being no evidence of his involvement in the scandal was discovered. In an interview, he expressed his love for investing and says he finds it second nature especially after doing it since his teenage years and even admits that he will still do it for the rest of his life. Currently, he has a family holdings company known as Altium Capital that is tasked with managing his wealth and has only six employees. The firm having the DNA of Visium is mostly tasked with investing in stocks and to narrow down those of the health sector.
In the two years after the collapse of Visium, he has not had the luxury of taking it easy as he was personally responsible for liquidating the portfolios that he had acquired. This saw him work two years without pay as he tried to do it as efficiently as he could. Mr. Gottlieb who is currently a medical doctor has revealed that now is the right time for him to get back in the game. His new plan of offering a healthcare hedge fund seems to be his good luck charm after his unfortunate encounter.