Visium Hedge Fund Being Investigated by Justice Dept. and S.E.C.By
The hedge fund Visium Asset Management is being investigated by the Justice Department and the Securities and Exchange Commission, the fund told investors on Monday.
The agencies have requested information from several years ago relating to Visium’s valuation of certain securities in a credit fund it shut down in 2013. The authorities are also looking at Visium’s trading of certain securities and the firm’s use of a consultant more than five years ago…
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