[lbo-talk] When Genius Failed to Learn a Goddamn Thing

Willy Greenfields filthydirtyunwashed at yahoo.com
Wed Mar 19 20:06:38 PDT 2008


Guy's poised to implode _again_. How much money does one man have to lose before he figures out that slim spreads and significant leverage are not always a winning combination?

Meriwether's Bond Fund Loses 24%; Endeavour Capital Falls 28%

By Katherine Burton and Saijel Kishan

March 19 (Bloomberg) -- JWM Partners LLC, the investment firm run by ex-Long-Term Capital Management LP chief John Meriwether, lost 24 percent in its $1 billion fixed-income hedge fund this year through March 14, according to two people with knowledge of the matter.

<http://www.bloomberg.com/apps/news?pid=20601087&sid=auazbUSpGr2E&refer=home>

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