Career
He was the top-paid arbitrage trader at Salomon Brothers in 1992 and at the time the youngest managing director in Salomon Brothers history. LTCM failed abruptly in August/September 1998. Hilibrand had invested so much of his personal wealth in LTCM that when LTCM failed, he found himself broke.
Since the LTCM failure in 1998, Hilibrand has flown under the radar.
He joined a group (again led by Meriwether) that started a new fund, JWM Partners Limited Liability Company. JWM Partners closed in 2009, having lost 42% of its capital. Larry is an avid runner placing in many state and regional events.