Jul
20
Visium Winds Down Global Fund as Citadel Hires 17 Managers
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Visium had planned to sell the fund to AllianceBernstein
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Firm previously announced the liquidation of four other funds
Visium Asset Management, which had struck a preliminary deal to sell its multisector hedge fund to AllianceBernstein Holding LP after three of its former traders were charged with securities fraud, told investors in a letter that it now plans to wind down the fund.
The Visium Global Fund, which had $2.3 billion in assets as of May 31, had been the last remaining hedge fund at the New York-based firm. Ken Griffin’s Citadel hired 17 Visium money managers, most of them coming from the Global Fund, according to a person with knowledge of the matter…
Visium Winds Down Global Fund as Citadel Hires 17 Managers
