Larry Hilibrand

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Around 1992, arbitrage trader Larry Hilibrand was synonymous with Wall Street hubris when he became the top-paid trader at Salomon Brothers. Subsequently, he was part of a group of traders who had come to epitomize hedge-fund hubris. The fund he helped steer, Long-Term Capital Management, almost caused an apocalypse on the Street.

Since the LTCM debacle in 1998, Hilibrand has flown under the radar. He joined a group led, yet again, by John Meriwether that has since started a new fund, JWM Partners LLC. Hilibrand has a 10 percent-plus stake.^{[citation needed]}

[edit] External links

• http://www.businessweek.com/2000/00_13/b3674095.htm
• http://www.magnum.com/hedgefunds/articles/1999/990124hf.asp