Hedge Funds

Former BAM chief releases two products


Details have emerged regarding the funds being launched by Balyasny Asset Management's healthcare chief.

Jacob Gottlieb's new firm, Visium Asset Management, will run two products: Visium Balanced Fund, which will be managed to a limited market exposure of 10% long to 10% short, and Visium Long Bias Fund, which will have the power to take bets of between 40% and 60% long.

In recent marketing meetings with investors, Gottlieb, a medical doctor and former analyst with Merlin BioMed, said he believes the funds will have a capacity to manage $1 billion. Gottlieb is one of BAM's top performers,