After helping unwind LTCM, John Meriwether launched JWM Partners. Haghani, Hilibrand, Leahy, and Rosenfeld signed up as principals of the new firm. By December 1999, they had raised $250 million for a fund that would continue many of LTCM's strategies—this time, using less leverage. With the credit crisis of 2008, JWM Partners LLC was hit with a 44% loss from September 2007 to February 2009 in its Relative Value Opportunity II fund. As such, JWM Hedge Fund was shut down in July 2009. Meriwether then launched a third hedge fund in 2010 called JM Advisors Management. A 2014 "Business Insider" article stated that his later two funds used "the same investment strategy from his time at LTCM and Salomon."