Visium to Shut Four Remaining Hedge Funds as Manager Charged

  • Decision comes two days after arrest of its star money manager
  • AllianceBernstein to take over multi-sector hedge fund

Jacob Gottlieb’s Visium Asset Management, the once high-flying hedge fund firm that at its peak managed $8 billion, is shutting down four of its remaining hedge funds after one of its star managers was arrested and accused of insider trading.

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