Thursday, October 22, 2009

I Really Want to Meet the People that Invest in This

John Meriwether, the hedge fund manager and arbitrageur behind the hedge fund Long-Term Capital Management, which blew up, and who then started another hedge fund , JWM Partners, which he closed down just recently after losing 44 per cent of his clients money, is starting a third hedge fund.

Meriwether’s new venture is named JM Advisors Management and, according to FT, get this, the fund is expected use the same strategy as both LTCM and JWM.

Any of you guys out there in the money raising business, who are having trouble raising money right now, need to get a picture of Meriwether and paste it near your phone for inspiration. If this guy can find money, anybody can.


  1. If this is true it is amazing. But then Obama was elected using the same techiques - pretty words, no deeds.

  2. Wenzel,

    JWM sure gets creative with the naming scheme for his funds! That must be the kind of thinking that makes him such a brilliant investor.

    "The JWM Fund. You can trust it, because it's got my name on it!"