JWM Partners
JWM Partners LLC was a hedge fund started by John Meriwether after the collapse of Long Term Capital Management (LTCM) in 1998. LTCM was one of the most spectacular failures of Wall Street, leading to a bailout of around $4 billion that was provided by a consortium of Wall Street banks. Meriwether started the company with initial capital of $250 million with loyal quants and traders like Victor Haghani, Larry Hilibrand, Dick Leahy, Arjun Krishnamachar and Eric Rosenfeld. As of April 2008, the company had around $1.6 billion in management. Eric Rosenfeld left to start his own fund.
Read more about JWM Partners: Performance
Famous quotes containing the word partners:
“I have had, and may have still, a thousand friends, as they are called, in life, who are like one’s partners in the waltz of this world—not much remembered when the ball is over.”
—George Gordon Noel Byron (1788–1824)