The alternative asset management company said that the fund is managed with a flexible blend of two complementary strategies, including special situations and merger arbitrage.
The strategies are used to target the securities of primarily North American firms, which the fund’s portfolio managers believe will be impacted by pending or anticipated corporate events.
Spearheaded by Francis Gallagher, the special situations strategy invests in opportunities where particular anticipated events in a company’s life cycle could lead to a significant increase in the security’s value over a specific period of time.
Peter Drippe manages the merger arbitrage strategy, which aims to invest in securities where there may be an opportunity to capture the spread between the security price at announcement and the price upon completion of a transaction.
Visium Asset Management managing partner and chief investment officer Jacob Gottlieb said, "The Fund allows investors of all sizes the opportunity to take advantage of a strategy that seeks to provide equity-like returns with low volatility comparable to that of a high-quality fixed income portfolio."
Founded in 2005 and headquartered in New York City, Visium Asset Management administered more than $4.7bn in assets as of 30 June 2013 across six private funds.
