John Meriwether

Infobox Person
name = John W. Meriwether


image_size =
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birth_date = birth date and age|1947|8|10
birth_place = Chicago, Illinoisflagicon|USA
death_date =
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occupation = Businessman:
Financier /
Racehorse owner

John William Meriwether (born August 10, 1947 in Chicago, Illinois) is an American financial executive on Wall Street seen as a pioneer of fixed income arbitrage. John Meriwether earned an undergraduate degree from Northwestern University and an MBA degree from the University of Chicago Graduate School of Business. At the University of Chicago, Meriwether studied alongside Jon Corzine, who would later become an executive at Goldman Sachs.

After graduation, Meriwether moved to New York City, where he worked as a bond trader at Salomon Brothers. At Salomon, Meriwether rose to become the head of the domestic fixed income arbitrage group in the early eighties and the vice-chairman of the company in 1988. In 1991, after Salomon was caught in a Treasury securities trading scandal, Meriwether was slapped with a $50,000 civil penalty and left the company.

Meriwether founded the Long-Term Capital Management hedge fund in Greenwich, Connecticut in 1994. Long-Term Capital Management spectacularly collapsed in 1998. The book details the events leading up to and following Long-Term Capital Managements history.

Meriwether now runs JWM Partners LLC, a Greenwich, Connecticut, hedge fund he started with about 400 million dollars under management in 1999, and with approximately $3 billion under management in 2007. [cite web |url=http://www.hoovers.com/jwm-partners/--ID__61105--/free-co-profile.xhtml|title= JWM Partners-Company description-Hoovers |accessdate=2008-04-11 ] As of March 19th, 2008, the JWM Partners fixed income hedge fund was down by 24% YTD. [ [http://www.bloomberg.com/apps/news?pid=20601087&sid=aelEnkvIESkg&refer=home Bloomberg.com: Worldwide ] ]

Thoroughbred horse racing

John Meriwether has been an owner of Thoroughbred racehorses for a number of years and is a member of the Board of Directors of the New York Racing Association (NYRA). He notably campaigned Buckhar, winner of the 1993 Washington, D.C. International Stakes. [ [http://www.ntra.com/stats_bios.aspx?id=3604 John Meriwether, Richard Leahy - NTRA ] ]

ee also

* List of trading losses
*

References

*
*cite book | author=Dunbar, Nicholas | title=Inventing Money: The Story of Long-Term Capital Management and the Legends Behind It | publisher=John Wiley & Sons | location=New York | year=2000 | id=ISBN 0-471-89999-2
*cite book | author=Lewis, Michael | title=Liar's Poker: Rising through the Wreckage on Wall Street | publisher=W.W. Norton | location=New York | year=1989 | id=ISBN 0-393-02750-3

External links

* [http://www.erisk.com/Learning/CaseStudies/Long-TermCapitalManagemen.asp Case Study: Long-Term Capital Management]
* [http://www.austhink.org/monk/ltcm.htm Meriwether and Strange Weather: Intelligence, Risk Management and Critical Thinking]