Ex-LTCM head Meriwether to close down JWM fund

Fri Jul 10, 2009




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 founding partner.

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...

ISSN: 2151-1845 / CDC10004H

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