Visium Asset Management to Fire 33 People as Funds Shutter
- Terminations to start in October, hedge fund firm says
- Visium told clients last month its closing four hedge funds
Visium: Downfall of an $8 Billion Hedge Fund
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Jacob Gottlieb’s Visium Asset Management plans to fire 33 employees in New York as the firm liquidates its hedge funds following charges against three former employees.
The cuts will happen as early as October, Visium said Tuesday in a New York Department of Labor notice. The firm, which said it has 110 employees, has been notifying affected staff of the planned termination, according to a person with knowledge of the matter.