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Hedge-fund bond star Greg Lippmann readies next big bet on commercial-property debt shunned by others

Por: MarketWatch Business January 24, 2024

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Lippmann, formerly a star Deutsche Bank trader, gained notoriety for betting against subprime-mortgage bonds before the market collapsed in 2008. After decades on Wall Street, he founded the hedge fund LibreMax Capital in 2010 to focus on structured financing, including buying the deeply discounted subprime bonds that he once bet against. LibreMax now manages $10.2 billion in assets. Lippmann, the hedge fund’s chief investment officer, now... + full article



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