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’Meriwether to start new venture
John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund – his third. The move comes barely three months after Meriwether decided to close his second company,
Meriwether’s JWM Partners winds down flagship fund
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,
Snap news
Breaking pre-market news on Wednesday,
- John Meriwether shuts JWM hedge fund after losses — Bloomberg.
- 3i realisation proceeds down to £163m in Q2, appoints non-exec directors — statement, statement,
Money for Meriwether – the winners in the markets’ rout
While most investors are crying into their keyboards, a few will be dancing a jig. Every market rout creates a handful of victorious investors as well as leaving numerous vanquished in its wake.
The Wall Street Journal reports that one household name did rather well out of Tuesday’s market plunge.