LTCM Survivor Meriwether Launches Global Macro Hedge Fund

Oct 4 2010 | 2:46am ET

Two-time hedge fund loser John Meriwether has launched two new hedge funds, hoping that the third time turns out better.

A founder of the legendary and infamous Long-Term Capital Management, which collapsed in 1998, requiring a government bailout, Meriwether has unveiled his JM Advisors Management's global macro strategy. The new fund is available in both onshore and offshore versions, according to regulatory filings.

Going with global macro is something of a change for Meriwether, and for JMAM. The Greenwich, Conn.-based firm was originally slated to run the same relative-value arbitrage strategy used at LTCM and JWM Partners, which Meriwether closed last year after taking a beating during the financial crisis.

JWM Partners lost some 44% over its last two years. Meriwether founded it in 1999, just a year after the spectacular demise of LTCM.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...