Absolute Capital Management

Absolute Capital Management (ACM) was a prominent hedge fund management firm that gained notoriety following a major financial scandal in 2007. Founded by Florian Homm, the firm managed several billion dollars across various funds before its collapse, which was triggered by the sudden resignation of Homm and allegations of market manipulation and fraudulent valuation of illiquid assets. While the firm invested in various sectors, including some life science and biotechnology companies, it was primarily a financial services entity rather than a biotech or healthcare company. The firm's operations effectively ceased following the scandal and subsequent legal actions.