JWM Partners, the hedge fund set up by John Meriwether after the collapse of his previous outing, Long Term Capital Management, is winding down its operations. The FT, citing people close to the group, said the former superstar Salomon Brothers bond trader would shutter the Relative Value Opportunity II fund – JWM’s flagship – which had a net asset value of about $1.6bn at its peak. The value of the fund has fallen more than 44 per cent since the financial crisis started in September 2007. Meanwhile, Lex wondered: had genius failed, again?

This entry was posted by Stacy-Marie Ishmael on Thursday, July 9th, 2009 at 4:33 and is filed under Capital markets, Hedge funds, People. Tagged with john meriwether, jwm partners. Edit this entry.