Another John Meriwether fund is said to be shutting down after heavy losses: Read the rest of this entry »
Tags: Hedge funds, John Meriwether, Liquidations / implosions, LTCM, Toe Tags
Archive for the ‘LTCM’ Category
Another one bites the dust: Former LTCM founder John Meriwether’s Relative Value Opportunity II fund shutting down
On July - 8 - 2009
John Meriwether’s JWM Partners continues to shrink after big losses
On December - 23 - 2008
More shrinkage at LTCM founder John Meriwether's latest hedge fund: His JWM Partners November investors' letter disclosed that they had run up losses in its flagship Relative Value Opportunity Portfolio through November 2008 to the tune of nearly 43% and was down to $554.8million in assets. The latest: Four partners are leaving and the remaining staff will be cut from 35 to 25….
Tags: Credit Crunch, hedge fund, Hedge funds, John Meriwether, JWM Partners, Long Term Capital Management, LTCM, Revolving Door
Now hiring: Eric Rosenfeld, LTCM co-founder is putting out a new quant hedge fund shingle
On May - 10 - 2007
Like Myron Scholes, Robert Merton and John Meriwether before him, another Long Term Capital Management alum is starting his own hedge fund. Eric Rosenfeld, one of LTCM’s co-founders is said to be forming Quantitative Alternatives LLC with two other alums of the firm, Robert Shustak and Bruce Wilson.
Rosenfeld, most recently president of
Paloma Partners LLC in Greenwich, Connecticut, reunited with Robert Shustak and
Bruce Wilson to open Quantitative Alternatives LLC, said the person, who
declined to be identified because the hedge fund isn’t trading yet. Shustak was
Long-Term Capital’s chief financial officer and Wilson was controller.“Investors are mature enough not to be
casting judgments on something that happened nine years ago in a very different
environment,” said Mathieu Klein, chief executive officer of Paris-based
investment adviser Darius Capital Partners, which isn’t investing in Rosenfeld’s
new firm. “They’ll have to prove themselves because investors have a lot of
alternatives.”
Tags: Hedge funds, LTCM
Merton’s IFL Continuum fund closes 3 months after opening
On August - 18 - 2006
Nobel Laureate Robert Merton’s IFL Continuum Fund, which focused on credit securities, closed in June only three months after opening its doors. It was apparently able to raise only $30 million. Last month we saw the news that Merton had also opened a fund focusing on emerging markets. That fund, which started up in October 2005, has around $80 million. You may recall that Merton was one of the co-founders of Long-Term Capital Management, the gigantic hedge fund that almost caused the meltdown of the financial markets in 1998….
Tags: Hedge funds, LTCM
