Jacob Gottlieb is joining forces with a former teammate and mentor. He and Stuart Weisbrod were very successful together as Healthcare investors. The two men initially met at Merlin Biomed Group. Weisbrod was a high-ranking member of the organization while Gottlieb was a portfolio manager for Stuart. Weisbrod had a high level of expertise that shaped the way Gottlieb would view the business from that point forward. Jacob Gottlieb went on to do great work for Merlin, helping the company achieve great returns in 1999 and 2000. He assisted with bringing in key clients up until the company closed for business in 2007.
Jacob Gottlieb went on to have success in the finance industry. He launched his own company called Visium Asset Management with a 300 million dollar investment. Gottlieb quickly pushed the company’s value to 2.5 billion dollars. He survived the financial crisis in 2008 and led Visium on a path of continued success. The organization eventually grew into an 8 billion dollar hedge fund. Visium has over 200 employees with offices in cities around the world including London, New York and San Francisco.
Visium was a shining example of success for roughly 10 years. The company fell on hard times in 2016 when three of its executives were accused of insider trading. They were thoroughly investigated and reported to the FBI by a whistle-blower working on the inside. The authorities took time to mount all of the evidence and eventually brought charges against several employees at Visium.
Jacob Gottlieb was never charged with any crime or ethical wrongdoing. He remains with the company as its CEO and has worked to return funds to its investors. Gottlieb is in place to wind down the company while it is being watched over by the SEC.
Jacob Gottlieb has moved forward in his career and formed a new enterprise called Altium Capital. Altium Capital is a hedge fund that will be Gottlieb’s latest statement. The company already holds great value due to Gottlieb’s previous success in the industry. It has recently made a stake investment in Oramed Pharmaceuticals Inc.
Sahm Adrangi is the chief investment officer at Kerrisdale Capital based in New York City. He holds a bachelors degree of arts in Economics from the famous Yale University. His previous positions include analyst at Longacre Fund Management, Restructuring Investment Banking Group, and Deutsche Bank.
Sahm Adrangi recently issued a negative report concerning the St. Joe Company. Kerrisdale Capital operates as a private investment manager. It published a negative report highlighting its short position at St. Joe Company. This real estate company is targeting to transform the sizeable desolate area located in Panama City Beach to become an attractive destination for businesses as well as retirees. In the report, Sahm Adrangi pointed out that St. Joe Company is not likely to develop the land due to the valuations that it is facing. Much of its land is located in swampy, desolate, and remote areas whereas the St. Joe has already monetized it. The company had foreseen a significant income source. The new retirement sector would have been a high selling community in America. Contrary to this, there is minimal progress made by St. Joe on the interior land. Very few activities and efforts of the building are happening among other things like permit fillings and signs of growth. Sahm Adrangi says that the plans for the interior land in the company were made lie ten years ago and up to date nothing tangible has been accomplished. He, therefore, predicts that the investors who have already suffered enough should be prepared to wait longer before their investments begin counting. This is because the company is still struggling to monetize the land. Due to all those issues faced by the shareholders, the largest investor for St. Joe, which is Fairholme Funds, has suffered some liquidity rules that were enacted in a few months ago. This was significantly contributed by the poor stock selection and this large investor reduced around 90 percent of its assets. Its position was more prominent in the company. Fairholme is therefore expected to reduce its status as a shareholder by half. Kerrisdale is convinced that no level of development can redeem the stock positions.
Few people in the country today have had such up-close and personal experiences with the founding of successful tech ventures as serial entrepreneur and financier Shervin Pishevar. Now in his 40s, Shervin Pishevar has been at the forefront of the tech industry since the mid-90s. He has been personally responsible for the founding and incubation of tech startups ranging from Airbnb and Uber to Social Gaming Network and Virgin Hyperloop.
Shervin Pishevar is also one of Silicon Valley’s thought leaders. He runs one of the most popular Twitter feeds of any venture capitalist in the Bay Area. It’s a safe bet that when Shervin Pishevar tweets on a topic of national importance, the most influential leaders in the country are hanging on his every word.
In a recent barrage of tweets, Pishevar laid down some solid arguments for why tech monopolies should be watched very carefully and why it’s likely that they will eventually need to be broken up. As someone who was there throughout the entire early stages of both Airbnb and Uber, Pishevar has seen, up close, the immense perils that new startups face. He says that the tendency of the top five tech monopolies —Google, Apple, Microsoft, Amazon and Facebook — to run out or buy out any competitor that looks like they may even possibly pose an eventual threat to their business has become a major problem.
One of the means by which these tech giants can push out competitors or make their businesses non-viable is through the use of a little-understood but highly effective weapon: lawfare. Pishevar cites the ongoing legal battles that Uber has been forced to deal with due to nuisance lawsuits filed by autonomous-vehicle rival Google. Pishevar points out that Uber is a far smaller company, and it has been compelled to waste tens of millions of dollars defending itself in court from spurious claims made by Google.
While Google has virtually unlimited resources, the millions spent by Uber are seriously cutting into its bottom line, taking money away from operations and research and development programs. Through exploiting these asymmetries, the big tech monopolies can drive incipient competition out of markets.