10 Facts About Myron Scholes

Myron Scholes was a principal and limited partner at Long-Term Capital Management, a highly leveraged hedge fund that collapsed in 1998, and a managing director at Salomon Brothers.

Myron Scholes was born to a Jewish family on July 1,1941, in Timmins, Ontario, where his family had moved during the Great Depression.

Myron Scholes was a good student although fighting with his impaired vision starting with his teens until finally getting an operation when he was twenty-six.

Myron Scholes earned his MBA at the Booth School of Business in 1964 and his Ph.

In 1968, after finishing his dissertation, Myron Scholes took an academic position at the MIT Sloan School of Management.

In 1990 Myron Scholes became more involved directly with the financial markets.

Myron Scholes went to Salomon Brothers as a special consultant, then becoming a managing director and co-head of its fixed-income-derivative group.

In 1994 Scholes joined several colleagues, including John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers, and his future Nobel Memorial Prize co-winner Robert C Merton, and co-founded a hedge fund called Long-Term Capital Management.

Subsequent to LTCM, in 1999 Myron Scholes joined Oak Hill Capital, the private equity firm led by Robert Bass.

Myron Scholes is chief investment strategist at Janus Henderson, a role he held at legacy firm Janus Capital Group since 2014.