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An insider-trading charge undid Sanjay Valvani, a star hedge fund manager at Visium Asset Management. Friends and colleagues have been grappling ever since.
The whistleblower in a federal case that has brought down Visium Asset Management has been revealed.
Ken Griffin's Citadel has hired 17 portfolio managers from disgraced hedge fund Visium Asset Management.
One recent bid for Andrew Lawrence's Rosebrook Capital came from an investor in Visium, which is shutting down amid an insider-trading scandal.
As Wall Street distanced itself from Visium, the hedge fund that is shutting amid an insider-trading scandal, Main Street investors kept adding money.
The healthcare-focused Visium Balanced Fund, the hedge fund at the center of an insider-trading investigation, has dropped further in performance.
Sanjay Valvani, the Visium portfolio manager who was charged with insider trading by the Department of Justice last week, was found dead in an apparent suicide.
Visium Asset Management, a multibillion-dollar hedge fund, has closed after a series of problems, founder Jacob Gottlieb told investors on Friday.
Visium said that it anticipates withholding 3% to 5% of assets in reserve for "possible liabilities and other contingencies."
Visium Asset Management, the hedge fund at the heart of an insider trading investigation, is being bought by AllianceBernstein, according to a Dow Jones report.