Jacob Gottlieb is a qualified medical doctor who chose to pursue a career in finance instead. Jacob is a graduate of New York School of Medicine. He completed his degree and internship at St. Vincent’s Hospital in New York City.
Other than starting his practice as a medic, Jacob Gottlieb enrolled at Brown University to study BA in economics and graduated magma cum laude. The Association for Investment Management and Research (AIMR) awarded him his chartered financial analyst charter in 2001.
His parents’ careers inspired him in his quest. His father, an economist, is a lecturer at the City University in New York. The mother is a medical doctor, a practicing pediatrician. He blended ideas from these two careers and founded Visium Asset Management, a firm that specializes in healthcare funds.
He honed his expertise through experience. He has held many positions in different organizations. He began his career in finance as an analyst working for Sanford C. Bernstein & Co. Limited. Later, at Merlin Financial in London, he served as the investment portfolio manager. He is a co-founder of Balyasny Asset Management. He is the chief investment officer of his firm.
As a student, Jacob Gottlieb won a competition that involved selecting stocks with the highest probability of winning. This impressed his father, and he opened an investment trading account for Jacob. He was enterprising from an early age. He sold baseball cards to baseball fans. As a youth, he supplied soft drinks to golfers at a nearby golf course. He would buy the drinks from a local store and transport them in a handcart to the golf course.
Jacob Gottlieb plans to grow his firm into a multi-strategy and multi-product organization that can compete well with other established firms. Since 2005, the firm has grown by leaps and bounds. It has an asset base of $3.5 billion.
Its main product is the Visium Balanced Fund. The kitty has $2.4 billion in assets and a stable profit return of 15.6%. Gottlieb hopes to grow it even further to become the most successful firm in hedge fund management.
To achieve this, he has made considerable investments in human capital. He has hired talented investment and operations staff, such as Jason Huemer from SAC Capital Advisors.
In addition, he has expanded the portfolio management team, and in some instances, he has brought in a whole team. He hopes that this will steer the firm to achieve its strategic projections.
Jacob Gottlieb sees similarities in stockbroking and medical practice. According to him, physicians and fund managers take and manage risks to achieve their intended results. Doctors risk by carrying out procedures in patients to improve their physical well being. Fund managers, on the other hand, take risks to make gains from stocks.
Gottlieb is involved in charity work. One of the charities he supports is Covenant Home, which is involved in fighting homelessness and trafficking of youth and children.