Jacob Gottlieb and Stuart Weisbrod ready for market shake up

Until 2016, Visium Asset Management was one of the best investment firms in the medical sector. The company was created in 2005 and was focused on providing services related to the healthcare portfolio. In a number of years after being established with just $300 million, the firm has increased its capital to $2.5 billion. By 2016, the company was worth over $4 billion. The company has other finds, and in total, it was worth over 48 billion by 2016. In the same year, the company faced some challenges and was forced to close down. The company at the time was rivaling the biggest players in the industry.

Visium CIO Jacob Gottlieb has always kept a very low profile despite the good results that his firm was receiving. He was however brought to the limelight after the challenges that the firm went through in 2016. While the closure of the firm was enacted, Jacob Gottlieb remained in the company as the CIO finalizing return of capital to the investors because he was not implicated in any wrongdoing. Despite the work he had done of creating a firm that would compete with the best, he still lost it in the end. His story is fascinating, but the end of this firm did not mean the end of his career.

Jacob Gottlieb is making a comeback in the industry. The ghost of Visium Asset management is no more, and now he is focused on creating something bigger. This time, he is working jointly with one of his friends and a partner in the investment industry known as Stuart Weisbrod. Together, they worked in different firms before each one of them established his own investment.

In 2000, Weisbrod had hired Gottlieb as his portfolio manager at Merlin, an investment firm that was working with public companies in the healthcare industry. When Merlin was closed, Weisbrod opened Iguana Partners while Gottlieb and others began Visium Asset Management.

Now, these two titans in healthcare investments are about to come together, they have rented space on the same floor, and it looks like they are ready to make a deal that will see the work once more.

Find out more about Jake Gottlieb Altium: https://www.linkedin.com/in/jacob-gottlieb/