Merton to open new hedge fund

Robert Merton, the Nobel Prize winner who co-founded the failed hedge fund Long-Term Capital Management, said his new firm plans to start an asset management business and open new hedge funds.

Trinsum Group, the firm created when Merton's Integrated Finance merged with Marakon Associates, will launch the new business before the end of the year, he said in an interview on Thursday....

From Reuters

HT: Risk OTC