Lippmann Finally Leaves Deutsche Bank To Launch Hedge Fund

Jun 3 2010 | 7:40am ET

High profile trader Greg Lippmann resigned from Deutsche Bank  on Friday and is gearing up to launch his own hedge fund, as previously reported by FINalternatives.

Lippmann is forming a hedge fund with other Deutsche colleagues, which will reportedly be called Libre Max, according to The Wall Street Journal.

Last month, Deutsche's head of global markets for the Americas Fred Brettschneider left the firm along with Lippmann's star number cruncher, Eugene Xu. The trio—Lippmann, Brettschneider and Xu—will now be reunited though their new venture.

Lippmann has become a household name on Wall Street and among readers of financial-focused tomes. In the fall of 2005 he took an unpopular stance at Deutsche bank by betting against the subprime mortgage market, however, when the housing bubble burst, bringing rival banks to their knees, Deutsche wound up making billions because of Lippmann's foresight. Gregory Zuckerman writes at length about Lippmann in his book The Greatest Trade Ever, as does Michael Lewis in his book The Big Short.


In Depth

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note