John Meriwether
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John W. 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.
Meriwether worked as a bond trader at Salomon Brothers where he became 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 paid a 50,000 dollar civil penalty and left the company.
The Long-Term Capital Management hedge fund, founded in 1994 in Greenwich, Connecticut, was his brainchild.
Meriwether now runs JWM Partners, a Greenwich, Connecticut, hedge fund he started with about 500 million dollars under management in 1999, and with approximately $2 billion under management in 2006 according to Meriwether's SEC registration.
References
- by Roger Lowenstein, ISBN 1841155047
- by Nicholas Dunbar, ISBN 0471498114
- Liar's Poker by Michael Lewis, ISBN 01401434549
External link
- A website [link] that briefly explains the hedging mechanism used by LTCM and how the fund eventually failed.
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