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Long-Term Capital Management L.P. (LTCM)
- Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers.
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Meriwether opened his third hedge fund, named JM Advisors Management, in 2010. The fund is expected to use similar strategies as both LTCM and JWM, namely highly leveraged "relative value arbitrage". By March 2011, however, the JM Advisors Macro Fund had raised only $28.85 million.
A man co-workers describe as scrupulously honest, yet who has been associated with two of the biggest disasters in Wall Street history: the 1991 attempt by a Meriwether underling to rig the...
Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers.
Feb 3, 2009 · Speaking of leverage, systemic risk, and scarcity of talent, Citadel, the Chicago-based hedge fund run by 40-year-old Ken Griffin, just posted its first monthly gain since June. How’d they do...
- Contributor
Jul 25, 2021 · The idea for LTCM began with John Meriwether, who ran bond arbitrage at Salomon Brothers. He resigned from that bank after an employee was discovered deliberately deceiving the U.S. Treasury.
- Business Insider India
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.
Oct 9, 2001 · LTCM was an elite hedge fund started by John Meriwether, the head of the arbitrage group at Salomon Brothers.
