Visium Being Probed by U.S. Over Valuation in Credit Fund
- SEC, Department of Justice looking at fund that closed 2013
- Probe also examining use of consultant firm employed until '11
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Visium Asset Management told investors it’s being probed by U.S. securities regulators and the Department of Justice, which have requested information related to the valuation of securities in a credit fund that closed in 2013.
The government has also asked about the trading of “certain securities, including the use of a consultant who stopped providing services to the firm in 2011,” Jacob Gottlieb, chief investment officer of the $8 billion multistrategy hedge fund firm, wrote in a letter to investors.