Ex-Visium Manager Found Guilty of Fraud in About 90 Minutes

A onetime portfolio manager for hedge fund firm Visium Asset Management LP was convicted of federal securities-fraud charges in the culmination of a three-year case that included the suicide of a fellow executive who was also charged. The jury deliberated for a little more than 90 minutes before finding Stefan Lumiere guilty on all three counts related to inflating the price of bonds in the firm’s credit fund to hide losses from investors.