Third Time’s A Charm?How Much Investor Money Can John Meriwether Lose In One Lifetime?

Author:
Updated:
Original:

The investment firm run by chief John Meriwether lost 24 percent in its $1 billion fixed-income hedge fund this year through March 14, two people “with knowledge of the matter” have told Bloomberg. Meriwether, of course, was one of the big men behind Long-Term Capital Management LP, which collapsed in the late 1990s. LTCM lost almost $4 billion. Not even two years ago, Alternative Investment News gave him their Lifetime Achievement Award.
John Meriwether's Bond Fund Loses 24% on Credit-Market Plunge [Bloomberg]

Related