Jacob Gottlieb and Stuart Weisbrod worked at Merlin BioMed Group before running separate funds. Now they are going to share the same office again. In 1998, Weisbrod co-founded the investment management company Merlin with portfolios in the biotechnology, healthcare service, medical device, and pharmaceutical sectors.
He previously worked with Harpel Partners, Merrill Lynch, Oracle Partners, and Prudential-Bache Securities. In 1980, he earned his Biochemistry PhD at Princeton University. In 1986, he earned his Finance MBA at Columbia University, and in 1975, his Chemistry BA from Colgate University. In 2000, Weisbrod hired Jacob Gottlieb as a portfolio manager. In 1999 and 2000, he helped Merlin see returns of more than one hundred percent. Gottlieb gained clients that included endowments, family offices, major pension funds, and high net worth individuals. In 2007, Merlin closed down and returned funds to investors.
Weisbrod established the investment firm Iguana Healthcare Partners to focus on biotechnology, diagnostic, healthcare information technology, healthcare service, medical device, and pharmaceutical companies. Gottlieb left Merlin to establish the firm Visium Asset Management. Visium survived the 2008 financial crisis to become an $8 billion hedge fund. Although it was successful for more than a decade, it closed down in 2016. Allegations of insider trading caused the firm to pay fines of up to $10 million. Gottlieb was not involved, so he was never personally charged with anything.
He is now moving on to the hedge fund Altium Capital. Its first investment was a stake of 5.61 percent in Oramed Pharmaceuticals Inc. Oramed was founded in 2006 with an oral insulin capsule as its flagship product. The capsule has the potential to replace injected insulin for those with diabetes and protein-based medical therapies. The capsules are cheaper and have a reduced infection rate. $52 million was invested by Wuzhou Zhongheng Group in 2015.
Find out more about Jake Gottlieb Altium: https://www.linkedin.com/in/jacob-gottlieb/