Jake Gottlieb and Visium Asset Management

Jacob Gottlieb, currently the CIO of Visium Asset Management in the greater New York City area, attended Brown University for a Bachelor of Arts in Economics. Earlier in life, he was involved in a stock-picking exercise in school where he excelled; this set the tone for his future. Later, being a surgeon also helped him to trade and manage financial assets because both skills involve great deals of care.

 

He attended the NYU Medical School in New York City, where he graduated Magna Cum Laude. His fund, Visium, today manages 3.5 billion dollars in assets and was founded in 2005. It was created around the basis of his extensive knowledge in healthcare stocks having been a doctor. Jacob’s main branch of the fund, aptly named the Visium Balanced Fund, occupies the majority of the organization’s assets (which amount to the sum of 2.4 billion dollars). Gottlieb plans to grow the fund outside of the healthcare sector alone. He is in the process of laying the groundwork and foundation for expanding his hedge fund. In late 2009 he hired Jason Huemer to come on board, formerly of SAC Capital Advisors.

 

Recently speaking, fund of funds have been underperforming and so investors have been looking more towards investing in multi-strategy hedge funds which have more possibility for growth. In an industry where there is always a need for top talent, Visium has held its own in hiring new high quality traders, of which Huemer is one. At the multi-strategy hedge fund in Chicago “Balyasny”, Gottlieb was the top earner at his firm. Harnessing a solid work ethic from his hard working Polish parents who emigrated to the United States in the 1960’s, Jacob Gottlieb respectively grew Balyasny 11%, 48%, and 19% from 2002 to 2004. Having helped Balyasny so well, and acquiring $500 Million in new capital, Gottlieb branched out with $300 million dollars in seed money from BAM, and has now grown Visium to 27 employees who have extensive networks within the healthcare industry.

 

His work with Visium has afforded Jacob to become a supporter of Robin Hood, New York City’s greatest organization in combating poverty, where he is committed to helping NYC students become better prepared for college and become more upwardly mobile.

 

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