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Topic: John Meriwether


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In the News (Sat 26 Dec 09)

  
  Meriwether
Nicholas II Meriwether, born 26 October 1667 in Surry County, Virginia; died 12 December 1743 in Albermarle County, Virginia.
John Capt. Meriwether, born 12 March 1750/51 in Spotsylvania, Virginia; died 1820 in Greenwood, Abbeville County, South Carolina.
John Herndon Meriwether, born 04 November 1772 in Spotsylvania County, Virginia; died 26 February 1847 in Green County, South Carolina.
members.tripod.com /dellariola/meriwether.htm   (1767 words)

  
  John Meriwether - Wikipedia, the free encyclopedia
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 business degree at the Kellogg School at Northwestern University and later earned 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.
en.wikipedia.org /wiki/John_Meriwether   (258 words)

  
 Long Term Capital Management
Meriwether was a successful bond market trader that parlayed his early successes into a position of prestige and influence within the firm.
Meriwether reported the confession to others in authority at Salomon but, because the trader had said that there had been only one instance, no action was taken.
Meriwether was asked to resign, which he did although he, and the Arbitrage Group, felt he was being unfairly punished.
www2.sjsu.edu /faculty/watkins/ltcm.htm   (2393 words)

  
 Surprises in the Aisles of Fund Supermarkets
Yet whenever the question "Who is John Meriwether?" has demanded an answer, it has been supplied not by those who know him and work with him but by a self-appointed cast of casual acquaintances and perfect strangers.
Meriwether was like a gifted editor or a brilliant director: he had a nose for unusual people and the ability to persuade them to run with their talents.
Meriwether also says that the A.I.G. trade was "minor compared to some of the things we saw." But he declined to say what these things were, and no wonder.
www.cob.ohio-state.edu /fin/students/burns/722/notes/ltcm.html   (8370 words)

  
 John Meriwether: Hedge Fund Wizard or Wall St. Gambler Run Amok?
Meriwether knew two things: that the widening in the spreads was an aberration and that the agency securities he traded, while not formally backed by the Government, were still good.
But there is a big difference: Meriwether did the bailing out then and he, as the banks and Wall Street firms that poured billions into Long-Term Capital now hope to do, later capitalized on the comeback of a troubled portfolio.
While Meriwether reported the infractions to his superiors, the violations were not reported to the Treasury until much later.
partners.nytimes.com /library/financial/100298crisis-meriwether-profile.html   (2141 words)

  
 John Lewis
Major John Lewis was the ancestor of the Warner Lewis line and the DNA tests for descendants of that line did not match with the descendants of the "Planter" John Lewis line.
Indicates that the father of Planter John Lewis was John Lewis born about 1691 and orphaned in 1699 and bound to Nathaniel Mills at age 9 on November 6, 1700 (until he reached 21, to be given 2 years schooling).
John had a brother OWEN LEWIS born 1696 who was raised by a member of the Lewis family and another brother James born 1695 that was bound to James Hayes and then John Day after Hayes died.
pages.prodigy.net /blankenstein/john_lewis.htm   (643 words)

  
 [No title]
Meriwether declined to be interviewed for this article (though he did respond, through an intermediary, to a number of written questions).
Meriwether was there, but he was later asked to leave when the subject of what to do with the three executives and Feuerstein came up.
Meriwether’s biggest challenge, ironically, may be similar to the one that nearly destroyed his former employer; successfully containing the egos and greed of the principals and preventing the secondtier comers from becoming disenchanted.
pages.stern.nyu.edu /~msiegel/meriwether.doc   (7008 words)

  
 [No title]
Meriwether concedes, his fund's investments got too big and too risky, and its traders didn't see that others were making the same investments -- and would turn on a dime to sell in a crisis.
Meriwether, 52 years old, is humbled by a failed effort to raise $1 billion from investors for a new hedge fund; he currently manages just $375 million, according to investors.
Meriwether is finding potential clients reluctant to trust him with their money, his golden touch tarnished.
www.citi.umich.edu /u/galka/614/final614/Meriwether2000.txt   (1709 words)

  
 It is a curiosity of the Long-Term Capital debacle that, although it has been endlessly and ably explained in the ...
Meriwether had surrounded himself with brilliant colleagues, many of them Ph.D.s in mathematics and finance, and put them to work devising computer-driven trading strategies that were supposedly bulletproof.
Meriwether was a huge moneymaker for the firm, and was liked and admired to the point of reverence by the people who worked for him.
Meriwether is a general partner of the so-called portfolio company, but it also has other partners, and Meriwether contended he would have to seek the vote of each one before agreeing to sell.
polaris.umuc.edu /~fbetz/references/Loomis.html   (4335 words)

  
 Meriwether defends LTCM hedge fund transactions - Jul. 2, 2003
Meriwether told the court that while he couldn't remember the specific details concerning the questionable preferred-stock transaction, he was "comfortable" with the deal at that time.
Meriwether agreed that $50 million was a significant amount of money and said the decision to return money to the fund's investors in November 1997 generated a lively debate within the firm, the paper reports.
Meriwether told the court that had the fund had "sufficient capital" to take advantage of other opportunities in the market, he and his partners could have salvaged the firm.
money.cnn.com /2003/07/02/news/companies/ltcm   (455 words)

  
 Long-Term Capital Management
Meriwether assembled an all-star team of traders and academics in an attempt to create a fund that would profit from the combination of the academics' quantitative models and the traders' market judgement and execution capabilities.
Meriwether returns about $2.7 billion of the fund's capital back to investors because "investment opportunities were not large and attractive enough" (The Washington Post, 27 September 1998).
John Meriwether circulates a letter which discloses the massive loss and offers the chance to invest in the fund "on special terms".
www.erisk.com /Learning/CaseStudies/Long-TermCapitalManagemen.asp   (2627 words)

  
 MFA - Keynore Speaker John Meriwether
John W. Meriwether is a principal and co-founder of JWM Partners, LLC ("JWMP"), an investment management firm based in Greenwich, Connecticut.
Meriwether is the chief executive officer of JWMP and in that capacity is active in all aspects of the firm's business including trading, new investment and general management.
Meriwether was a director of the Chicago Board of Trade from 1985 to 1990.
www.mfainfo.org /events/network2001/virtual/mfa_site/mfa_site/meriwether.htm   (228 words)

  
 [No title]
Meriwether was like a gifted editor or a brilliant director: he had a nose for unusual people and the ability to persuade them to run with their talents.
Meriwether had taken it upon himself to set up a sort of underground railroad that ran from the finest graduate finance and math programs directly onto the Salomon trading floor.
Meriwether also says that the A.I. trade was "minor compared to some of the things we saw." But he declined to say what these things were, and no wonder.
pages.stern.nyu.edu /~msiegel/eggheadscracked.doc   (7870 words)

  
 theage.com.au - The Age
John Meriwether, whose Long-Term Capital Management hedge fund flamed out in spectacular fashion that year, is gaining ground once again.
Meriwether has amassed assets worth $US1 billion ($A1.86 billion) through his new fund, JWM Partners, and has recorded a profit of more than 6 per cent for investors this year, according to people with access to its results.
Meriwether's second act - after disrupting global markets and being bailed out by a dozen banks in 1998 - serves as a reminder that someone is always getting rich, no matter how steeply the stockmarket is falling.
www.theage.com.au /articles/2002/07/29/1027926853420.html   (567 words)

  
 NYT Archives Article
Meriwether received phone calls from J.P. Morgan and Union Bank of Switzerland telling him that the options he had sold short were rocketing up in thin markets thanks to bids from American International Group, the U.S. insurance company.
Meriwether also says that the A.I.G. trade was ''minor compared to some of the things we saw.'' But he declined to say what these things were, and no wonder.
Meriwether did say this about his treatment at the hands of the big Wall Street firms: ''I like the way Victor'' -- Haghani, one of the young professors --''put it: The hurricane is not more or less likely to hit because more hurricane insurance has been written.
faculty.chicagogsb.edu /john.heaton/teaching/35000/ltcm_michal_lewis.htm   (8222 words)

  
 Merry's of England - merg73 - Generated by Personal Ancestral File
John MERRYWEATHER [Parents] was born in 1590 in Shepherdswell, Kent, England.
John SISSONS was born in 1670 in pos Worksop, Nottinghamshire, England.
John MERRYWEATHER was born in 1629 in pos Kingston Upon Thames, Surrey, England.
www.xtal.info /merryweather/merg73.htm   (744 words)

  
 Risk without Reward
John Meriwether joined Salomon Brothers in 1974, an ambitious young man with a business degree from the University of Chicago.
Meriwether became a legend on Wall Street and later starred in Liar's Poker, the bestseller by Michael Lewis that features him daring Salomon's CEO, John Gutfreund, to play a single hand of poker for $10 million.
A bond trader named Paul Mozer, who was working for Meriwether as head of the government-bond desk, confessed to his boss that he had submitted false bids to the U.S. Treasury in bond auctions.
www.harvardmagazine.com /on-line/0101117.html   (2012 words)

  
 Long Term Capital Management
Meriwether was a successful bond market trader that parlayed his early successes into a position of prestige and influence within the firm.
Meriwether reported the confession to others in authority at Salomon but, because the trader had said that there had been only one instance, no action was taken.
Meriwether was asked to resign, which he did although he, and the Arbitrage Group, felt he was being unfairly punished.
www.sjsu.edu /faculty/watkins/ltcm.htm   (2393 words)

  
 AskMen.com - John Meriwether
This was the lesson learned by trader John Meriwether at Salomon Brothers.
At the time, Meriwether's track record and confidence allowed him to borrow $4 for every $1 of capital he managed.
In either case, Meriwether was not only taking risks, but was taking such gargantuan risks that a misplaced chip would wipe out his entire fund and the funds of his lenders.
www.askmen.com /money/professional_100/112b_professional_life.html   (676 words)

  
 TheStreet.com: Whatever You Say, Mr. Meriwether
That was Meriwether's shop in Greenwich, Conn. The firm nearly brought the world's financial system to its knees in late 1998 when it blew up and threatened to take many of its creditors and trading-counter parties with it.
So you would think that Meriwether would be modest, even chastened, now that he and his crew of geniuses have returned to the wacky world of investing.
Meriwether's wrinkle back in the bad old days was to use oodles of borrowed money to place his paired bets.
www.thestreet.com /markets/brettfromson/1088004.html   (1117 words)

  
 Finding Aid : John Samuel Meriwether papers, 1862-1864 : Manuscript, Archives, and Rare Books Library
John Samuel Meriwether (born January 28, 1830 at Springfield, Alabama - died May 26, 1879 at Eutaw, Alabama) was a doctor who practiced medicine in Alabama and served as a medical officer during the Civil War.
John Samuel Meriwether was educated on the undergraduate level at the University of Alabama and received his medical degree from Charleston (S.C.) Medical College in 1853.
Meriwether enlisted in the Confederate Army in the spring of 1862, serving in the 38th Alabama Infantry Regiment, (Col. Ketchum's) and 40th Alabama Infantry Regiment, and serving as the Surgeon in charge of the Confederate Hospital at Eufaula, Alabama with the rank of major.
marbl.library.emory.edu /FindingAids/content.php?id=meriwether253_100134   (523 words)

  
 When Genius Failed
Though Meriwether left Salomon under a cloud of the SEC's wrath, he leapt into his next venture with ease and enticed most of his former Salomon hires--and eventually even David Mullins, the former vice chairman of the U.S. Federal Reserve--to join him in starting a hedge fund that would beat all hedge funds.
John Meriwether, a famously successful Wall Street trader, spent the 1980s as a partner at Salomon Brothers, establishing the best--and the brainiest--bond arbitrage group in the world.
At Long-Term, Meriwether and Co. truly believed that their finely tuned computer models had tamed the genie of risk, and would allow them to bet on the future with near mathematical certainty.
www.lapasserelle.com /ltcm.htm   (4220 words)

  
 DealBreaker.com
John Meriwether, who has dedicated over 30 years to alternative investment strategies and is currently at the helm of JWM Partners, is the recipient of Alternative Investment News' 2006 Lifetime Achievement Award.
Meriwether's career in the investment business dates to 1974 when he was hired out of business school by Salomon Brothers.
During this time, Meriwether was one of the early pioneers of quantitative, model-based investing, and established a trading culture that has since become ubiquitous not only at hedge funds, but at prop trading desks everywhere.
www.dealbreaker.com /2006/06/lifetime_achievement_award_for.html   (1363 words)

  
 John Meriwether, Former Salomon Brothers trader, Uses Leverage Article at StreetStories.com
John Meriwether, Former Salomon Brothers trader, Uses Leverage
Meriwether was simply betting that the two bonds would eventually carry the same yield.
It was Meriwether's bad luck that instead of converging, the yields on those two Treasury issues drifted farther apart.
www.streetstories.com /jm_forbes98.html   (1273 words)

  
 When Genius Failed by Roger Lowenstein
Meriwether was one of the top bond traders at Salomon Brothers and later became head of the fixed income securities department (which was responsible for mortgage security and bond trading).
Meriwether was one of the first people on Wall Street to recruit mathematicians and physicists from schools like MIT and Cal. Tech and turn them into bond traders.
Meriwether was a harbinger of the conjunction between Wall Street and the Ivory Tower.
www.bearcave.com /bookrev/genius_fails.html   (2796 words)

  
 Meriwether County, Ga. queries 1998
John was married to Eliza A. Wells in 1838 and George W. married Ellen Mary Kirkpatrick in 1857.
John M. PARKER (b 1823 GA) was a son of William B. PARKER of GA. Clara BARTON (b 1823 GA) was the daughter of Larkin BARTON, a flsmith and farmer of Meriwether Co., GA. He died about 1837.
John M.'s mother died in Dallas Co., AR in 1848 and his father died in Jasper Co., TX in 1865.
personal.atl.bellsouth.net /m/s/msaffold/queries98.htm   (4024 words)

  
 AskMen.com - Untouchable employee
Independent of what John Meriwether is doing now, he was probably smarter (at least in the street-smart sense) than the PhDs he was working with.
Meriwether's bets on the direction of the capital markets were so intricate and seemingly complex (although very basic in essence, below the surface) that he would have to make extremely leveraged (on borrowed money) bets.
Meriwether went out and borrowed from the largest financial institutions and the deepest pockets, knowing very well that if anything adverse happened to him, it would be very, very bad for the entire global market.
www.askmen.com /money/professional/39c_professional_life.html   (944 words)

  
 BW Online | June 11, 2001 | Damaged Goods
Meriwether, who in palmier days once set out to buy the rights to every known picture of himself, declined through a spokesman to be interviewed.
Meriwether described his own product as "a form of relative value investing." The firm looks for pairs of securities, such as a newly issued 10-year Treasury and one issued months before, that have the same underlying risks and cash flows but are trading at different prices for some transient reason.
Part of Meriwether's legend is that he was one of the first to arbitrage bonds by selling one and buying the other in anticipation of their prices converging.
www.businessweek.com /magazine/content/01_24/b3736114.htm   (1211 words)

  
 123compute.net: reprints NYT's Wizard or Gambler? 10/2/98
NEW YORK -- John William Meriwether was the consummate trader.
But in his previous work as a bond-trading star at Salomon Brothers, Meriwether had something he would sorely come to need at Long-Term Capital: the backing of a big firm with the deep pockets that can let a trader ride out almost any market storm.
But there is a big difference: Meriwether did the bailing out then and he -- as the banks and Wall Street firms that poured billions into Long-Term Capital now hope to do -- later capitalized on the comeback of a troubled portfolio.
www.123compute.net /skate/wizgambler.html   (2074 words)

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