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In 1991, Salomon was caught in a Treasury securities trading scandal perpetrated by a Meriwether subordinate, Paul Mozer. Meriwether was assessed $50,000 in civil penalties. LTCM. Meriwether founded the hedge fund Long-Term Capital Management in 1994. The fund collapsed in 1998.
LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who three years later in 1997 shared the Nobel Prize in Economics for having developed the Black–Scholes model of financial dynamics. [2] [3]
Dec 19, 2023 · LTCM was formed in 1994 and was founded by renowned Salomon Brothers bond trader John Meriwether, along with Nobel-prize winning Myron Scholes of the Black-Scholes model.
Oct 9, 2001 · LTCM was an elite hedge fund started by John Meriwether, the head of the arbitrage group at Salomon Brothers.
- Roger Lowenstein
- $14.19
- Random House Trade Paperbacks
Nov 22, 2013 · Founded by former Salomon Brothers Vice Chairman John Meriwether in February 1994, LTCM exploited temporary price differences between similar types of securities. Its “market-neutral” design meant it expected to make profits regardless of whether prices were heading up or down.
Feb 3, 2009 · We thought the Long-Term Capital Management founder had blown up for good, but now he's running around with a new stick of dynamite.
JWM Partners LLC was a hedge fund started by John Meriwether after the collapse of Long-Term Capital Management (LTCM) in 1998. LTCM was one of the most spectacular failures of Wall Street, leading to a bailout of around $4 billion that was provided by a consortium of Wall Street banks.
