Visium Announces Catalyst Acquisition

NEW YORK, April 6, 2011 - Visium Asset Management (Visium) announced today that it will absorb the
business and investment teams of Catalyst Investment Management Co.
(Catalyst), a leading credit and event-driven manager with a history dating
back to 1983. This acquisition continues the measured expansion undertaken by
Visium since the firm was founded in 2005 and builds on the credit and
event-driven capabilities established by the firm several years ago.

"With our larger products near capacity and closed to new investment,
strategic initiatives like Catalyst allow us to strengthen our existing
capabilities by bringing world-class investment expertise into the firm,"
said Jacob Gottlieb, founder and managing partner of Visium. "At the same
time, Visium's best practices will enhance Catalyst's investment and business
processes."

Catalyst's seven-person team will join over 60 investment and business
professionals at Visium. In keeping with Visium's flexible, entrepreneurial
structure, the Catalyst team will continue to run the existing Catalyst
equity event-driven and credit strategies with autonomy, supported by
Visium's infrastructure in risk management, legal, compliance, client
service, technology, finance and operations.

About Catalyst

Catalyst, based in New York, manages over $250 million in equity
event-driven and credit strategies. The credit opportunity strategy, launched
in 2003, invests in high-yield, distressed debt, special situations and
post-reorganization equities. The flagship strategy, launched in 1995,
pursues a wide array of equity event-driven strategies.

About Visium

Visium, also based in New York, was founded in 2005 by Jacob Gottlieb
with a team of 22 professionals he began to assemble in 2001. The firm
currently manages $2.7 billion in long/short equity, credit, and
multi-strategy vehicles.

Kenneth Klee, Director of Investor Relations, Visium Asset Management, +1-646-840-5855, kklee at visiumfunds.com