It has been around 2 years since Visium started the process to shut down after insider trading rocked the investment firm. While Jacob Gottlieb may have been found free of any wrongdoing with the incident, he took responsibility for his company and did his duties as the chief executive officer to make sure it was liquidated properly. While Visium may be no more, Jacob Gottlieb still values and respects their clients that had put their faith into the company since it was created.
Now that the process is almost over completely, he is taking the time to think about starting another hedge fund. Already, Jacob Gottlieb created a new investment office known as Altium that is mainly a family office. In fact, his brother is currently the chief executive officer. While Altium invests in similar healthcare prospects like the former company, it is doing so on a smaller level with largely only Jacob Gottlieb’s wealth being used.
He has been thinking hard about this new hedge fund but doesn’t yet have any definitive announcements on a potential timeframe. In fact, there is still a small chance that Jacob Gottlieb may change his mind at any time. After his experiences with Visium, many people would not have judged if he decided to take a break from his career in order to recoup from the situation. While this concept does seem appealing, he states that he would not be able to feasibly do that at this time and has to get back to work.
The proposed new hedge fund would operate in a similar way to a fund from his former company. The company that was founded in 2005 had a fund that was dedicated to “thoughtful, methodical research. If Jacob Gottlieb creates this new fund, he wants to have the same focus in mind.