Hedge fund manager, Visium Asset Management, has bought credit and event-driven manager, Catalyst Investment Management. The financial details of the transaction have not been disclosed.
As per the deal, Catalyst’s seven-person team will join Visium’s 60 investment and business professionals. The Catalyst team will continue to run the two existing strategies with autonomy. Catalyst has about $250 million in assets under management.
Click here for the release from PR Newswire.