(Reuters) A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York-based hedge fund’s closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found guilty by a federal jury in Manhattan of conspiracy, securities fraud and wire fraud charges.
The verdict came after less than two hours of deliberations by the 12 jurors. Eric Creizman, Lumiere’s lawyer, told reporters his client would likely appeal, while Lumiere’s family reacted angrily to the verdict.
