Is there life after a hedge fund blow up? Sure. Just ask John Meriwether, still better known as the leader of Long-Term Capital Management, which collapsed in 1998 for JMW Partners, and has fared well in recent years. Is Ralph Cioffi, who managed the Bear Stearns hedge funds that in many ways kicked off the credit crisis, going to fare as well? According to the New York Post, he would like to start an independent hedge fund and may have some investors lined up. But apparently there are some lingering issues related to the legal defense of Bear Stearns, which faces a lot of suits over the hedge fund mishaps. The Post reports that they are trying to keep Cioffi aboard as a consultant, which may work against his plans. Interesting.

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