Jacob Gottlieb and Stuart Weisbrod have been partners in the investment industry for a long time. However, for the past two decades, they have not been trading together. Each of them had gone separate way after establishing different investment firms. After two decades, they are now under the same roof again, and it looks like they could be working together once more. They have been key investors in the field of medicine, and their comeback could shake up the industry. They once worked together at BioMed Group before it was shut down and everyone went his way.
Weisbrod cofounded Merlin; another investment firm focused on the medical sector. It was specializing in biotechnology, medical devices, pharmaceuticals, and other healthcare services. Weisbrod is one of the people who has had an outstanding track record as a leader in this industry. He has been getting excellent results in all the investment firms he has worked for. His successful track record has brought very many people into the firms he has been working for. Wealthy individuals and organizations have been investing through him. He is well educated in matters of medicine, and his track record is one of the best. He has an MBA in Finance from Columbia University as well as BA in Chemistry from Colgate University. ‘
Weisbrod and Jacob Gottlieb were on the same team in 2000. Weisbrod who had been in the industry before Jacob had recruited Gottlieb as a portfolio manager. At this time, they were at Merlin. They created a great impact on the company. At the time they were in the industry, the field of biotechnology was doing very well, and Gottlieb helped Merlin to achieve a 100 percent return on investment between 1999 and 2000. Merlin was later closed in 2007, and it returned funds to its clients.
After the closure of Merlin, Gottlieb and Weisbrod went separate ways. Gottlieb with other created Visium Asset Management while Weisbrod created Iguana Healthcare Partners. Iguana was built in a similar manner as Merlin. It worked with public companies in the healthcare sector. Gottlieb on his side partnered with others and started their firm with $300 million, an amount they grew very fast over a period of a few years. By 2008, their capital was $8 billion.