Visium: Downfall of an $8 Billion Hedge Fund

The transcript discusses an investigation involving Jacob Gottlieb's firm, focusing on compliance violations and red flags. It highlights issues with bond miss marking and fund allocation, raising questions about management oversight. The legal proceedings involve key figures, with ongoing trials and regulatory scrutiny.

What was one of the major red flags in the firm's compliance issues?

• The founder's brother was in charge of compliance.

• There were no compliance violations.

• The founder was under investigation.

• The firm had no compliance officer.

Why was the allocation to the credit strategy concerning?

• The strategy was unrelated to the firm's goals.

• It was a successful strategy.

• The strategy was struggling and received more funds.

• It was a new strategy.

What is the significance of the bond miss marking charges?

• They were unrelated to the firm's operations.

• They were more significant than insider trading.

• They were less significant than insider trading.

• They were a minor issue.

How many times did traders overrule the independent administrators' bond markings?

• 100 times

• 284 times

• 50 times

• 10 times

Who is Steven Lumiere in relation to the case?

• The founder of the firm

• A compliance officer

• An SEC investigator

• Jacob Gottlieb's ex brother-in-law