Manny Weiss

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Manny Weiss is the CEO of Marylebone Diversified LLP, a commodities trading advisor in the base metals business, London Metals Exchange futures and options market-making and brokerage.[1]


Early life

Weiss was born in Brooklyn, New York.[2]

Education

Weiss has an MA from the City University of New York.[1]

Henry Jackson

Weiss was a volunteer for US Senator Henry Jackson.[2] He worked intensely on getting the Jackson-Vanik Amendment though Congress in 1973.[3]

Philipp Brothers

Weiss worked at Philipp Brothers early in his career.[2]

Marc Rich & Co.

Weiss was head of aluminum trading at Marc Rich & Co..[1]

Fortune reported in 1988:

Now in his 30s, Weiss is a close friend and protege of Pinky Green. It was Weiss who did the firm's first metals deal, shortly after joining Marc Rich in 1975 as a teenage messenger in London. That year, while his boss vacationed, Weiss took charge of a telex from an East bloc country requesting zinc. He arranged the shipment, generating a fat profit.[4]

In the mid-1980s, Weiss spearheaded a strategy by which Rich affiliate Clarendon Ltd paid US smelters to process cheap Jamaican alumina during a glut in the market, establishing contractual arrangements which proved immensely profitable once the market recovered.[4]

Weiss later lost at least $25 million by shorting aluminum when the price dipped after the 1987 stock market crash only to recover the following year.[4]

He left the company in 1992.[2]

He subsequently founded Manro Haydan.[1]

Notes

  1. 1.0 1.1 1.2 1.3 Advisors, Gateway Capital Group, accessed 24 october 2013.
  2. 2.0 2.1 2.2 2.3 Weiss slated to retire as managing director of Marc Rich division. (Manny Weiss, Marc Rich and Company AG), American Metal Market, 8 July 1992, archived at Highbeam Research.
  3. Robert Gordon Kaufman, Henry M. Jackson: A Life in Politics, University of Washington Press, 2011, p.268.
  4. 4.0 4.1 4.2 WHY MARC RICH IS RICHER THAN EVER The U.S. is offering a six-figure bounty for his capture, but that's just pocket money to the fugitive commodities trader who is nearing billionaire status in Europe., Fortune, 1 August 1988.