Visium Hedge Fund Plans Shutdown

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This fund run by a SAC Capital alum bought restaurant stocks amid the pandemic

restaurantPrentice Capital Management was up 6.6% for the first four months of the year, compared to the S&P 500's 9.3% decline and the Russell 2000's 21.1% decline. The HFRX Equity Hedge Index was down 9.4% for the quarter. Q1 2020 hedge fund letters, conferences and more Gross and net exposures In his first-quarter letter to […]

Visium Hedge Fund Plans Shutdown

The multibillion-dollar hedge fund Visium Asset Management has collapsed in the throes of an insider-trading crisis. The fund told investors Friday that it planned to shut down. Business Insider wrote that it “imploded in the biggest scandal to hit the industry in years” — the largest such closure since officials forced the shutdown of SAC Capital…