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...