John Meriwether's JWM Partners hedge fund is closing down
its main fund, Relative Value Opportunity II, following losses
over the past two years. JWM kept a low profile after the 1998
blowup of Long-Term Capital Management, where Meriwether was a
LTCM's spectacular failure didn't stop Meriwether from forming
another hedge fund. Unlike LTCM, JWM, which he opened in 1999,
did manage to make money...