John Meriwether

John W. Meriwether ( born August 10, 1947 in Chicago, Illinois) is an American Wall Street trader.

Career

John Meriwether studied at Northwestern University and University of Chicago Booth School of Business and graduated from there with an MBA. Meriwether worked from 1974 to 1991 at Salomon Brothers (now Citigroup belonging ) and has held various positions at first. From 1980 to February 1988, he was a general partner and from February 1988 to 1991 Vice - Chairman of the Board. In 1991 he had his place along with CEO John Gutfreund evacuate because they had approved it, that Salomon Brothers was secretly taking higher proportions than the maximum allowed by law rate of 35 percent at the auction of U.S. government bonds over several months. He had to pay a fine of 50,000 U.S. dollars.

In 1994 he founded the Long-Term Capital Management. The fund suffered in 1998 in the wake of the so-called Russian crisis a billion-dollar loss. A collapse would have shaken the financial world. The central bank of the United States, therefore, intervened. 1999 Meriwether was a founder and partner at JWM Partners LLC, which managed two billion U.S. dollars in 2006.

These hedge funds also suffered after an initial phase of success high losses. In the wake of the financial crisis that began in 2007, the fund lost up to 44 per cent in value in February 2009 and was closed in July 2009.

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