Hedge Funds

Former BAM chief releases two products

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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,