Cats Have Nine Lives. John Meriwether Has At Least Three

From the FT, John Meriwether setting up new hedge fund. 

Most readers will remember Meriwether as one of the principals of LTCM, whose 1998 collapse triggered a wave of panic across the world’s markets and prompted the US Federal Reserve to take the then-unprecedented step of orchestrating a (private) multi-billion dollar bailout.  

Meriwether decided to close his second fund, JWM Partners, about three months ago, after clients saw the value of their investments fall by more than 44 per cent over the course of the financial crisis.

Comments

[Gerore]

John Meriwether claimed he would retire if Black Hawk Exploration did not triple in ten days. Guess what, 10 days letter it did not triple, it actually went down from its .90/cents per share and he did not quit. He is a lying Wall St conniver.