John Meriwether Is Really Launching A Third Hedge Fund

``John Meriwether, who has already had two hedge funds blow up (LTCM being the most notable), is back for a third, according to FT. The, which will be based in Greenwitch (naturally) will be called JM Advisors Management... The fund is expected use the same strategy as both LTCM and JWM to make money: so-called relative value arbitrage, a quantitative investment strategy Mr Meriwether pioneered when he led the hugely successful bond arbitrage group at Salomon Brothers in the 1980s.''