GREENWICH, Conn. -- Happy Birthday To Greenwich’s John William Meriwether!
John William Meriwether, who has owned a home in Greenwich, turns 67 on Sunday. The hedge fund executive was born Aug. 10, 1947, in Chicago, Ill.
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 the company's vice chairman in 1988.
He left Salomon and three years later he started Long-Term Capital Management, leading to Wall Street's next crisis and Roger Lowenstein's next book.
Meriwether founded the Long-Term Capital Management hedge fund in Greenwich, Conn. in 1994 and later founded JWM Partners LLC. The Greenwich, Conn. hedge fund opened with $250 million under management in 1999 and by 2007 had approximately $3 billion.
Meriwether has been a thoroughbred horse owner for a number of years and serves on the board of directors of the New York Racing Association. He is best known for once saying "bet on a horse that craps just before the race". He notably campaigned for Buckhan, winner of the 1993 Washington, D.C. International Stakes.
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