Meriwether Offers Early Exit From Beat-Up Hedge Fund

Apr 28 2008 | 11:41am ET

A decade after his Long-Term Capital Management imploded, John Meriwether has once again become the bearer of bad news.

Meriwether’s JWM Partners has seen both of its hedge funds bleed red ink this year, leading the firm to offer investors an early exit. Hedge Fund Manager Week reports that JWM has given clients of its $380 million Global Macro Fund permission to withdraw their money ahead of the redemption period after the fund dropped 14% in the first quarter.

The Greenwich, Conn.-based firm did not say how many investors took up its offer.

The losses at the Global Macro fund, however, pale in comparison to JWM’s flagship product: The Relative Value Opportunity Fund, which managed $1.2 billion at the beginning of the year, was down 31% in the first quarter.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note