JWM Partners

JWM Partners

JWM Partners LLC is 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 federally organized bailout of around $4bn. Meriwether started the company with initial capital of $400 million with loyal quants and traders like Victor Haghani, Dick Leahy, Arjun Krishnamachar and Eric Rosenfeld. As of April 2008, the company has around $1.6 billion in managementcite news
url=http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article3835160.ece
title=Job cuts at Meriwether hedge fund
date=2008-04-28
accessdate=2008-09-21] with 51 employees.Fact|date=September 2008 Eric Rosenfeld has since left to start his own fund.

Performance

The funds posted gains for several years, but in the first quarter of 2008 posted losses, of 14% in the Global Macro Fund, and 31% in the flagship Relative Value Opportunity bond fund. Together with redemptions, this cut the capital base significantly.

Mission

The fund claims to use the same model as LTCM with more rigorous and better risk management. It also claims to have a leverage ratio of 10 to 1.

References

* cite news
title=A Decade Later, John Meriwether Must Scramble Again: LTCM Founder Has Tough Time Stemming Losses at New Funds; A Withdrawal Deadline Nears
url=http://online.wsj.com/article/SB120658664128767911.html
last=Strasburg
first=Jenny
date=2008-03-27
accessdate=2008-09-21
* cite web
url=http://hf-implode.com/ailing/fund_JWMPartnersLLC-RelativeValueOpportunityfund_2008-03-27.html
title=JWM Partners LLC - Relative Value Opportunity fund - relative value
work=The Hedge Fund Implode-o-Meter
date=2008-03-27
accessdate=2008-09-21

External links

*http://www.hoovers.com/jwm-partners/--ID__61105--/free-co-factsheet.xhtml2. cite book |title= Inventing Money|last= Dunbar|first= Nicholas|authorlink= Dunbar, Nicholas|year= 2000|publisher= John Wiley & Sons|location= New York|isbn= 0-471-89999-2


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • John Meriwether — Infobox Person name = John W. Meriwether image size = caption = birth date = birth date and age|1947|8|10 birth place = Chicago, Illinoisflagicon|USA death date = death place = occupation = Businessman: Financier / Racehorse ownerJohn William… …   Wikipedia

  • Long-Term Capital Management — Rechtsform Investmentgesellschaft Gründung 1994 (Auflösung 1998) Sitz Greenwich, New York Leitung Robert C. Merton, Myron Samuel Scholes …   Deutsch Wikipedia

  • Eric Rosenfeld — was a trader and principal in the Long Term Capital Management hedge fund, a landmark Wall Street disaster.Prior to LTCM, Rosenfeld was an instructor at Harvard University. About one year after LTCM s rescue, in 1999, he joined John Meriwether as …   Wikipedia

  • University of Chicago Graduate School of Business — Infobox University|name = The University of Chicago Graduate School of Business established = 1898 type = Private head label = Dean head = Edward A. Snyder postgrad = 1088 faculty = 175 city = Chicago state = Illinois country = USA undergrad = No …   Wikipedia

  • John Meriwether — John W. Meriwether (* 10. August 1947 in Chicago, Illinois) ist ein US amerikanischer Wall Street Händler. Werdegang John Meriwether studierte an der Northwestern University sowie University of Chicago Graduate School of Business und schloss dort …   Deutsch Wikipedia

  • Long-Term Capital Management — (LTCM) was a U.S. hedge fund which failed spectacularly in the late 1990s, leading to a massive bailout by other major banks and investment houses. [cite book |title=The Age of Turbulence: Adventures in a New World |last=Greenspan |first=Alan… …   Wikipedia

  • List of University of Chicago people — The following is a list of people affiliated with the University of Chicago, including alumni, current and former faculty members, students, and others. The University of Chicago was founded in 1890 by American industrialist and philanthropist… …   Wikipedia

  • List of people from Greenwich, Connecticut — People who have lived in or been associated with Greenwich, Connecticut now or in the past and are well known beyond the town.Listed category, based on area in which person is best known (in alphabetical order within each category):Actors,… …   Wikipedia

  • Victor Haghani — was one of the founding partners of Long Term Capital Management, a hedge fund which collapsed in 1998, to be eventually bailed out by a consortium of leading banks [http://fmg.lse.ac.uk/news/newspage.php?newsid=86 Profile] ] Early lifeHaghani is …   Wikipedia

  • Larry Hilibrand — Around 1992, arbitrage trader Larry Hilibrand was synonymous with Wall Street hubris when he became the top paid trader at Salomon Brothers. Subsequently, he was part of a group of traders who had come to epitomize hedge fund hubris. The fund he… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”