Greg Lippmann's LibreMax delivers returns
By Suzy Kenly Waite
Tue Jan 18, 2011
The subprime star’s new firm performed well in its first three months of trading.
Former Deutsche Bank subprime star Greg Lippmann's launch of
LibreMax Capital was one of the most anticipated new funds last
year and, so far, he has met expectations. LibreMax Partners, a
credit strategy focused on mortgage-backed securities, was up
4.16% from October through yearend-the equivalent of
a 17.7% net annualized return. The firm manages
$500 million, up from about $400 million when launched.
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.