Times Online- John Meriwether, the man behind one of the world’s largest hedge fund collapses in the late Nineties, is struggling to keep investors from bailing out on his latest venture.
Mr Meriwether is best known as a founder of Long Term Capital Management (LTCM), the hedge fund that collapsed in 1998, losing $4 billion and sparking panic across global financial markets.
Now Mr Meriwether, who runs JWM Partners LLC, is in trouble again as his largest fund has lost 28 per cent of its value this year and investors are threatening to jump ship. Another fund has lost 6 per cent.
