Author: Julian Marshall
It appears that John Meriwether’s golden touch may have deserted him. Following his tribulations at Long-Term Capital Management investors now have little desire to back his judgement.
Over the past year Meriwether has been seeking to raise $1 billion in funds for his latest venture – the Relative Value Opportunity Fund.
However so far the fund, launched by JWM Partners (Meriwether and five former colleagues from LTCM) with an initial $250 million, has reportedly only pulled in $400 million.
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