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2011 Hedge Fund Rising Stars: LibreMax Capital's Greg Lippmann

When Greg Lippman co-founded LibreMax in 2007, some investors questioned his ability to manage money and whether he was a one-trade wonder. So far he is easily defying the skeptics and winning converts. Lippmann is one of the up-and-comers named to the 2011 Hedge Fund Rising Stars.

  • By Imogen Rose-Smith

Greg Lippmann
LibreMax Capital

When Greg Lippmann, co-founder of New York–based LibreMax Capital, started his firm’s relative value mortgage hedge fund last October, it is fair to say there were more than a few eyes upon him. Lippmann, 42, had shot to fame as the Deutsche Bank asset-backed-mortgage trader who, beginning in early 2006, had been advising clients and his own bank to short the subprime mortgage market. After the events of 2007 and 2008, that advice looks incredibly prescient.

Deutsche made almost $2 billion from Lippmann’s trade in 2007. But when LibreMax launched, some investors still questioned Lippmann’s ability to manage money and whether he was a one-trade wonder. So far he is easily defying the skeptics and winning converts. His firm has $650 million in assets, and its flagship hedge fund is up 6 percent for the year through the end of May. Not bad for a Wall Street trader who grew up in suburban Westchester County, New York, and still rides the subway to work.






Click on the names below to read the profiles of the 30
talented investment professionals featured in our list of the
2011 Hedge Fund Rising Stars.
Name Firm
Eric Alt Hall Capital Partners
Jennifer Croswell SAC Capital Advisors
Clayton DeGiacinto Axonic Capital
Benjamin Durrant ICG Advisors
Jennifer Fan Arrowhawk Capital Partners
Joshua Fink Enso Capital Management
Pierre-Henri Flamand Edoma Capital Partners
Gareth Henry Fortress Investment Group
Erez Kalir Sabretooth Capital Management
Katie Kalvoda Newport Wealth Management
Edward Keller Morgan Stanley
Andrew Laurino Credit Suisse
Svetlana Lee Varna Capital
Gary Lehrman Lombard Odier Investment Managers
Greth Lester Perella Weinberg Partners
Greg Lippmann LibreMax Capital
J. Jason Mitchell GLG Partners
Gaurav Patankar Lockheed Martin Investment
Management Co.
Craig Perry Sabretooth Capital Management
Scott Pittman Mount Sinai Medical Center
Gregory Racz Hutchin Hill Capital
Angela Samfilippo Pine River Capital Management
Jill Schurtz Robeco-Sage Capital Management
Jonathan Shafter Boston Provident
Steven Simmons Maxim Group
Scott Sinclair Cascabel Management
Faisal Syed Pamli Capital Management
Morgan Sze Azentus Capital Management
Oliver Wiener BTIG
Patrick Wolff Grandmaster Capital Management



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