He is the founder of Long-Term Capital Management, a hedge fund that was founded in 1994. The fund was highly successful until 1998 when it suffered a major loss due to the Russian financial crisis. Despite this setback, Meriwether has continued to be a successful investor and has earned a net worth of $100 million.
John Meriwether is an American hedge fund executive with a net worth of $100 million. He is best known for founding Long-Term Capital Management, a highly successful hedge fund that he founded in 1994. Unfortunately, the fund suffered a major loss in 1998 due to the Russian financial crisis, but Meriwether has continued to be a successful investor and has earned a net worth of $100 million.
John Meriwether is a member of Wall Street
💰John Meriwether Net worth: $100 Million
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John Meriwether Net Worth: John Meriwether is an American hedge fund executive who has a net worth of $100 million dollars. John Meriwether rose to riches thanks to his prolific work in fixed income arbitrage. Born John William Meriwether in Chicago, Illinois on August 10, 1947, he attended Northwestern University as well as the University of Chicago Booth School of Business.
Following graduation, he relocated to New York and began working for Saloman Brothers as a bond trader and worked his way up to head of domestic fixed income arbitrage. In 1994 he founded Long-Term Capital Management hedge fund in Greenwich, Connecticut. The company unraveled in 1998 and inspired several books on the collapse. He opened his most recent hedge fund attempt in 2010 known as JM Advisors Management. Meriwether is a member of the Board of Directors of the New York Racing Association and owns a number of Thoroughbreds.