Background
Melcher grew up in Pittsfield, Massachusetts, and attended Columbia University where he graduated Bachelor of Arts He first learned to fence his freshman year and was "a solid though unspectacular college fencer".
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James Melcher
Edit ProfileEducation
He graduated in 1961 with a degree in English, and afterwards remained in New York to work on Wall Street.
Career
He competed in the individual and team épée events at the 1972 Summer Olympics in Munich. However, he continued fencing at the Fencers Club in his free time, and took lessons for several years from Hall of Famer Michel Alaux. Around age 30, he "finally broke through as a top fencer", when he defeated the world’s Number.
1 fencer in the 1970 Martini Epee Challenge.
His competitive fencing career ended in 1974 when he developed chronic fatigue syndrome (from which he has since recovered). He became chairman of the Fencers Club in the late 1970s and served for a decade, and became chair again in 2006.
He founded Balestra Capital Management, a global macro hedge fund, in 1979. He named the firm after the balestra, a fencing move that sometimes "dictates a strategic retreat".
He maintains that for both investing and fencing, one needs "a high level of self-control, particularly control over emotional reactions".
Achievements
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Born
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Nationality
United States