- 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 ,Illinois flagicon|USA
death_date =
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occupation = Businessman:
Financier /
Racehorse ownerJohn William Meriwether (born
August 10 ,1947 inChicago ,Illinois ) is an American financial executive onWall Street seen as a pioneer offixed income arbitrage . John Meriwether earned an undergraduate degree fromNorthwestern University and anMBA degree from theUniversity of Chicago Graduate School of Business . At the University of Chicago, Meriwether studied alongsideJon Corzine , who would later become an executive atGoldman 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 domesticfixed 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 inGreenwich, 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 , aGreenwich, 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 theBoard of Directors of theNew York Racing Association (NYRA). He notably campaignedBuckhar , winner of the 1993Washington, D.C. International Stakes . [ [http://www.ntra.com/stats_bios.aspx?id=3604 John Meriwether, Richard Leahy - NTRA ] ]ee also
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List of trading losses
*References
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*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 0-393-02750-3External 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]
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