Not everyone, however, is a fan. Some of the now-disbanded LTCM partners are said to have sent investors a letter criticizing the book, which describes the fund’s 1998 collapse and bailout in brutal detail. Founder John Meriwether, who now runs a fund called JWM Partners, has recently expressed some contrition for LTCM’s fall, in his first press interviews since the debacle. An LTCM spokesman declined to comment on the letter or its content. “I have heard they sent a letter asking investors not to read the book,” says author Lowenstein. “But I haven’t seen it.”
