Wednesday, March 19, 2008

John Meriwether's 9...8...7...lives

Fool me once, shame on you.

Fool me twice, shame on me:

John Meriwether's Bond Fund Loses 24% on Credit-Market Plunge
2008-03-19 13:42 (New York)


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.