An insider trading scandal may have rocked Jacob Gottlieb’s old company Visium Asset Management back in 2016, but he is returning back to the world of hedge funds despite the harmful actions of a few of the company’s old team. Currently, he is considering finding clients who would like to invest their money into his business savvy plans, but he hasn’t decided on the timing just quite yet. Jacob Gottlieb has stated that he still might just change his mind after just recently finishing the liquidation of the old fund.
While Jacob Gottlieb wasn’t accused of participating in the shady trading practices, the decision to shut down the company was still agreed on by him as their chief executive officer. While he is still considering a lot of different factors when it comes to starting up a new hedge fund, the’s already hard at work with his latest business venture Altium Capital. Altium is a much smaller company with only about 6 employees whose main focus is just managing Jacob Gottlieb’s own personal wealth.
Jacob Gottlieb’s Altium is similar to Visium in the sense that they both focus on investments related to the healthcare industry. While he may have considered taking a break from the industry, he insists that he doesn’t have time to do that right now as he has worked for the last 2 years without receiving compensation for his efforts closing down the Visium. He wants to get back to focusing on investing again.
As a medical doctor himself, Jacob Gottlieb’s experience in the medical world gives him an inside view of certain companies and developments in the field. There are a lot of different companies going public in the healthcare industry and he sees a lot of wealth being won and lost during this time frame.
WAX (Worldwide Asset eXchange) is a peer-to-peer marketplace for trading virtual assets that solves two of the biggest problems in the industry, fragmentation and fraud. Users of the current centralized marketplaces are often plagued by issues involving payment processing, language barriers, security, and incomplete asset delivery. The WAX Platform aims to fix those issues by allowing access to the global supply while eliminating the financial risks that hinder the current marketplace. Built on a foundation of blockchain and decentralized smart contracts, WAX allows more efficient trading by “tokenizing” gaming assets into a common currency, thus eliminating issues that arise when goods are denominated in different cryptocurrencies. WAX Tokens act as stored value for in-game items and as smart contracts for buying, selling, renting and trading. It also eliminates the need for intermediaries, who, though vital to stopping fraud, drive up the cost of transactions.
The president of WAX is entrepreneur Malcolm CasSelle, CIO of OPSkins, a global leader in the sales of in-game virtual assets. A natural and gifted communicator, Malcolm holds degrees in Computer Science from MIT and Stanford University, and speaks both Japanese and Mandarin. In 1995, he co-founded and served as CTO of NetNoir, one of the first media production websites to focus on Afrocentric culture. In the following years, he was Senior Vice President and Adviser to the CEO of Pacific Century CyberWorks, a Hong Kong based information and communications company. During those 18 months, he took it from a private startup to a publicly traded company, now valued in excess of $35 billion. As director of Capital Union Investments from 2006 to 2013, he managed private direct investments into late-stage web companies.
Malcolm served as an executive for Groupon China, CEO of Xfire, a global social network for gamers, and CEO and co-founder of Timeline Labs, a social media tracking software company. In 2014, when Timeline Labs was acquired by SeaChange International, he continued to serve as Senior Vice President and General Manager. Since 2016, he has been President and CTO at Tronc (formerly Tribune Publishing), along with his contributions to OPSkins and WAX.