After the failure of LTCM
http://www.amazon.co.uk/gp/product/1841155047/026-8787779-9446068?v=glance&n=266239
it appears that Robert Merton's latest hedge fund related venture, IFL continuum, hasn't been too sucessful either
http://www.bloomberg.com/apps/news?pid=20601087&sid=api7F5j8W_nY&refer=home