John Meriwether Net Worth is
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John William Meriwether (born August 10, 1947) is an American hedge fund executive, 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 Booth School of Business.
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 1980s and vice-chairman of the company in 1988. In 1991, Salomon was caught in a Treasury securities trading scandal perpetrated by a Meriwether subordinate, Paul Mozer. According to Roger Lowenstein's biography of Warren Buffett (at page 378), Mozer reportedly told Meriwether he had submitted a "single false bid" and described his effort to cover it up. Meriwether was "stunned" and inquired, "Is there anything else?" Mozer "lied" and "begged for another chance" according to Lowenstein. Meriwether then "huddled" with Salomon CEO John Gutfreund and Salomon's general counsel. They all agreed the firm should report it to the Treasury Department but nothing happened for four months as the partners, including Gutfreund, "belabored" issues of who should call whom, what to say, and when. Mozer was left at his desk and submitted another false bid, this time resulting in an SEC investigation, Gutfreund's resignation, Buffett's intervention, and (although Lowenstein does not discuss it in this book) Meriwether's $50,000 civil penalty. Meriwether decided to leave Salomon. Three years later he started LTCM, leading to Wall Street's next crisis and Roger Lowenstein's next book.
Meriwether founded the Long-Term Capital Management hedge fund in Greenwich, Connecticut in 1994. Long-Term Capital Management collapsed in 1998. The books When Genius Failed: The Rise and Fall of Long-Term Capital Management and Inventing Money: The story of Long-Term Capital Management and the legends be

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John Meriwether Latest News

John Meriwether to shut hedge fund: report

John Meriwether's hedge fund firm JWM Partners LLC plans to close his current hedge fund, which lost 44 percent from September 2007 to February 2009, Bloomberg reported, citing a person familiar with the matter. JWM is closing its main Relative Value ...
Posted: July 8, 2009, 2:34 am

Buffett Probably Had Stumpf Fired, And That's Good For Shareholders

For Buffett, everything worked out. For others at Salomon, things weren't so rosy. Two members of their bond arbitrage department (John Meriwether and Merton Scholes) went on to found Long Term Capital Management, an even bigger failure of internal governance.
Posted: October 19, 2016, 5:30 am

John Meriwether Rides Again, Without Salomon This Time

Take the gutsy and aggressive multibillion-dollar trading style of George Soros and mix in the abstract exploration of Ivy League academics and you'll begin to understand the new investment firm formed by John Meriwether, former vice chairman of Salomon ...
Posted: September 4, 1993, 5:00 pm
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