Jacob Gottlieb is a hedge manager that owns a firm that is primarily focused on the health care sector, but he is looking to broaden into other industries. He lives in Manhattan and is friends with many of the top hedge fund managers in the city. They gather once a month in each others homes to play poker. The games are more about having fun and discussing business not competition. Mr. Gottlieb is passionate about building businesses and trained as a doctor before entering the financial industry. He founded Visium Asset Management in 2005 and the company now manages over $3.5 billion in assets. Jacob’s vast experience and knowledge in the health care field is the key to the company’s success. The Visium Balanced Fund is the company’s premier product that has over $2.4 billion in assets and an annual return of 15.6 percent.
Despite Visium’s enviable success, Jacob has much higher goals in mind. He wants his firm to offer a wide variety of products to rival or surpass other legendary hedge fund companies. Over the past few years, he has slowly laid the foundation to achieve his dreams, but success won’t come easy. Although multi-strategy firms have been very successful, most attempts end in failure. Jacob feels he can avoid the failures of his predecessors because he has hired top industry professionals to help carry out his plan. Currently, Visium’s multi-strategy approach is off to a slow start with just $200 million in assets in which approximately half of that is the company’s capital. One of the major problems he is facing is stiff competition from other hedge fund managers who are attempting to start their own firms. Another problem Jason Gottlieb is facing is that investors don’t have confidence in him as a diversified manager because his track record has only been in the health care industry. Despite the problems, Jason is focused on making his plan a success.
Jason Gottlieb is also a philanthropist and gives back to the community and various organizations such as the Covenant House. The Covenant House for over 40 years has given homeless kids a place to stay and keep them on a positive path in 31 cities across six nations.