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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.
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. |
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| 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 |