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Fallen Hedge Fund’s Head Among Investors Getting PPP Relief

  • Firm run by Visium founder got up to $350,000, government says
  • Cartica, Marcato also among firms receiving U.S.-backed loans
Updated on

Jacob Gottlieb, whose $8 billion hedge fund shut amid an insider trading scandal, is among Wall Street money managers who tapped the government’s $669 billion emergency program designed to help small businesses survive the coronavirus pandemic, according to federal data released Monday.

Gottlieb, whose Visium Asset Management settled a regulatory probe two years ago, received a $150,000 to $350,000 loan for his new shop, Altium Capital Management, under the Paycheck Protection Program, according to the data posted online. He set up New York-based Altium two years ago, according to his LinkedIn profile. It’s unclear whether the firm has outside clients.