COMPANIES Barely 10 years after the infamous collapse of Long Term Capital Management, the hedge fund set up in 1994 by the former superstar Salomon Brothers bond trader John Meriwether, JWM Partners, Mr Meriwether’s second fund, is winding down its operations.
According to people close to the group, JWM Partners is to shut its flagship fund, Relative Value Opportunity II, which had a net asset value of about $1.6bn at its peak.
