Zweig-DiMenna's Martin Zweig Dies

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.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...