From his obituary in the October 31, 1985 New York Times:
"Jay H. Perry, a Wall Street executive who helped introduce the modern practice of trading large blocks of stock for institutional customers, died of leukemia Monday at the Memorial Sloan-Kettering Cancer Center. He was 50 years old and lived in Manhattan.
Mr. Perry, who was known as a fiercely competitive and creative trader, was head of the equity trading desk at Salomon Brothers in the late 1960's and early 1970's when money managers for mutual funds and pension funds began actively buying and selling large blocks of stock.
They were encouraged to do so by the aggressive trading tactics of Mr. Perry and a handful of other block traders on Wall Street who competed to handle trades that suddenly were of the magnitude of several hundred thousand shares and more.
Mr. Perry ... started in the brokerage business as a registered representative with Merrill Lynch in Des Moines.
He became a general partner of Salomon Brothers at the age of 32. In 1978, Mr. Perry, a graduate of the University of Texas, joined Blyth Eastman Dillon, where, as executive vice president, he built up the firm's equity department to be one of the most active.
In 1980, he joined Dean Witter Reynolds, where he later became a director of the firm and chairman of its capital markets group.
Last June, he resigned from Dean Witter with two other executives to form a risk arbitrage trading firm. Shortly after that, he was hospitalized.
He is survived by his wife, Betsy Freund; two sons, Jeffrey, of Manhattan, and John, of Malibu, Calif., and two daughters, Nancy, of Manhattan, and Susan."
From his obituary in the October 31, 1985 New York Times:
"Jay H. Perry, a Wall Street executive who helped introduce the modern practice of trading large blocks of stock for institutional customers, died of leukemia Monday at the Memorial Sloan-Kettering Cancer Center. He was 50 years old and lived in Manhattan.
Mr. Perry, who was known as a fiercely competitive and creative trader, was head of the equity trading desk at Salomon Brothers in the late 1960's and early 1970's when money managers for mutual funds and pension funds began actively buying and selling large blocks of stock.
They were encouraged to do so by the aggressive trading tactics of Mr. Perry and a handful of other block traders on Wall Street who competed to handle trades that suddenly were of the magnitude of several hundred thousand shares and more.
Mr. Perry ... started in the brokerage business as a registered representative with Merrill Lynch in Des Moines.
He became a general partner of Salomon Brothers at the age of 32. In 1978, Mr. Perry, a graduate of the University of Texas, joined Blyth Eastman Dillon, where, as executive vice president, he built up the firm's equity department to be one of the most active.
In 1980, he joined Dean Witter Reynolds, where he later became a director of the firm and chairman of its capital markets group.
Last June, he resigned from Dean Witter with two other executives to form a risk arbitrage trading firm. Shortly after that, he was hospitalized.
He is survived by his wife, Betsy Freund; two sons, Jeffrey, of Manhattan, and John, of Malibu, Calif., and two daughters, Nancy, of Manhattan, and Susan."
Family Members
Sponsored by Ancestry
Advertisement
Explore more
Sponsored by Ancestry
Advertisement