(Reuters) A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York-based hedge fund’s closure last year.Jury selection is set to begin on Wednesday in Manhattan federal court in the case of Stefan Lumiere, Visium founder Jacob Gottlieb’s former brother-in-law, who is accused of engaging in a scheme to falsely inflate the value of securities in a bond fund.
The trial follows a criminal probe that prompted the $8 billion investment firm’s wind-down and charges against three others, including Sanjay Valvani, a Visium portfolio manager who committed suicide in June after being accused of insider trading.
