Jeff Larson, who lost about $1.5 billion and his hedge fund, Sowood Capital Management last year, is looking for capital for new firm Larson/Kelleher Capital Management. Though we can't promise he won't make a few more wrong way bets, and lose it all again, rest assured that in the event your money is put in a bag and lit on fire, you'll be receiving a very apologetic letter from an almost suspiciously sincere sounding Larson.
Failed Sowood hedge fund manager raising new money [Reuters]