Hedge-fund agency Visium Asset management LP will unwind the rest of the firm after accomplishing a deal to sell one fund to asset manager AllianceBernstein LP AB, +1.95% in line with an investor letter Friday afternoon reviewed via The Wall boulevard Journal.
Visium started the year managing just about $ 8 billion. Founder Jacob Gottlieb described the strikes as “very tough choices for me and the Visium workforce,” in keeping with the letter.
A spokesman wasn’t straight away to be had for remark.
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