Wednesday, 23 July 2014
Last updated 12 hours ago
Feb 20 2013 | 12:31pm ET
Hedge fund pioneer Martin Zweig has died at the age of 70.
Zweig is perhaps best-known for predicting the 1987 stock-market crash and for the newsletter he published for 26 years, the Zweig Forecast. But he also set up, alongside Joseph DiMenna, one of the earliest long/short hedge funds, Zweig-DiMenna Partners, in 1984.
In addition to its hedge fund, Zweig-DiMenna managed a pair of closed-end funds.
"He was a wonderful, kind and generous person, and I will always be grateful for the opportunity to have been his friend and partner," DiMenna said.
Zweig, a Cleveland native, studied at the Wharton School of the University of Pennsylvania, the University of Miami and Michigan State University. He is survived by his wife, Barbara, and two sons. No cause of death was given.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…