JWM Partners Snapshot
John W. Meriwether (the JWM in JWM Partners) hopes his latest venture is more long-term than his last. A pioneer in quantitative and model-based investing, the former Salomon Brothers vice chairman founded hedge fund JWM Partners barely a year after his previous co-managed fund, the heavily leveraged Long-Term Capital Management (LTCM), crashed spectacularly in 1998 and received a $3.6 billion bailout organized by the Federal Reserve Bank of New York. His current venture manages two funds: Its JWM Relative Value fund focuses on bond investing, while the JWM Global Macro fund has holdings in currencies, commodities, and stocks, as well as bonds. JWM Partners has more than $1 billion of assets under management.
