Comment on Wall Street has been rocked by an $8 billion hedge fund's implosion

Wall Street has been rocked by an $8 billion hedge fund's implosion

Visium Asset Management, a multibillion dollar hedge fund, has imploded in the biggest scandal to hit the industry in years. The fund told investors of its plan to close in a letter Friday. It’s the most high-profile shutdown since authorities forced Steve Cohen’s controversial SAC Capital to close in 2013.

 

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