Shorting Student Debt Is The World's Hottest Completely Hypothetical Trade
Ravenous hedge funders are scheming to profit from the misery of a student loan meltdown, according to some imaginations.
Greg Lippmann
'Big Short' Trader Greg Lippmann Says Spring For That 12-Tier Wedding Cake, Dress With Hand Beaded Crystals And A 20-Foot Train
Go buck wild: Daddy Lippman's paying.
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]