Bubble Boy Lippmann Doing Okay For Himself

Compared his friends. Greg Lippmann's LibreMax Capital, founded with three former colleagues from Deutsche Bank, posted a 10.12 percent gain for the year through the end of July, according to a letter to the fund's investors obtained by Reuters. The average hedge fund gained just 2.78 percent over that period, according to the Hennessee Hedge Fund Index. LibreMax got a boost last month, gaining 2.71 percent, as portions of the mortgage-backed market rallied, Lippmann, who is the fund's chief investment officer and portfolio manager, wrote in the letter. [Reuters]
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Compared his friends.

Greg Lippmann's LibreMax Capital, founded with three former colleagues from Deutsche Bank, posted a 10.12 percent gain for the year through the end of July, according to a letter to the fund's investors obtained by Reuters. The average hedge fund gained just 2.78 percent over that period, according to the Hennessee Hedge Fund Index. LibreMax got a boost last month, gaining 2.71 percent, as portions of the mortgage-backed market rallied, Lippmann, who is the fund's chief investment officer and portfolio manager, wrote in the letter.

[Reuters]

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