Another John Meriwether fund is said to be shutting down after heavy losses:
JWM Partners LLC is closing its main Relative Value Opportunity II fund after losing 44 percent from September 2007 to February 2009. Meriwether, credited with generating billions of dollars of revenue at the former Salomon Brothers in the 1980s through so-called relative value trades, returned an average of 1.46 percent a year with his new fund since opening in 1999, compared with 2.4 percent for the Credit Suisse/Tremont Hedge Fixed-Income Arbitrage Index….
Meriwether Said to Shut JWM Hedge Fund After Losses – Bloomberg
Tags: Hedge funds, John Meriwether, Liquidations / implosions, LTCM, Toe Tags
