They’ve been apart for so long but, after twenty years, Jacob Gottlieb and Stuart Weisbrod will finally be collaborating in the same office space once again. The pair initially began working together when they cofounded Merlin Biomed Group, an investment management company dedicated to improving the healthcare system and preventing people from going into debt on account of unpaid medical bills.
The company found mild success during the late 90’s and most of the 2000’s but ended up dissolving in 2007 at which point the pair went their separate ways. Following their separation, Gottlieb went on to become the founder of Visium Asset Management while Weisbrod ended up founding Iguana Healthcare Partners. Despite their separation, however, it seems they were destined to make their way back to each other. Visium managed to survive the stock market crash of 2008 and become an $8 billion company with branches in some of the most famous cities around the world.
However, their success all came crashing down in 2016. It seems a whistleblower discovered there had been numerous instances of mismarking and insider trading within the company and finally went public with the information. While Gottlieb himself never faced any criminal charges, he did consent to pay out more than $10 million in restitution fees. After the company went under, he had to start from scratch with a new project known as Altium Capital, a hedge fund looking to make a significant impact on the pharmaceutical industry. While it has yet to be approved by the FDA, it does offer some promising results. This new project is what has brought the two together once again and they will be collaborating on this new venture. While it’s unclear how successful it will be, it is expected that the outcome will be quite remarkable overall.