Once is bad luck, twice is… well…

Back in 1998, a hedge fund named Long Term Capital Management blew up amidst market turmoil caused by a Russian credit crisis, destroying three billion dollars’ worth of investors’ money. At the helm: a guy named John Meriwether.

In 2008, a hedge fund named JWM Partners Relative Value Opportunity Fund blew up amidst market turmoil caused by a USA credit crisis, destroying a quarter of a billion dollars’ worth of investors’ money. At the helm: a guy named John Meriwether.

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