Saturday, 27 December 2014
Last updated 2 days ago
Apr 20 2011 | 2:01pm ET
Subprime mortgage loans took a hit last month, but one top hedge fund investing in them did not.
LibreMax Capital, the hedge fund founded last year by three former top Deutsche Bank traders, returned 0.6% last month, ahead of most industry indices. The $605 million fund rose 4.2% in the first quarter, Bloomberg News reports, behind the broader markets but well ahead of the average hedge fund.
March was the first month in 10 to see subprime-backed bonds lose ground.
LibreMax debuted with $375 million in assets at the end of November. The New York-based fund is helmed by Fred Brettschneider, Greg Lippman and Eugene Lu. Brettschneider was head of global markets at Deutsche Bank and Lippman was head of asset-backed securities trading. Xu was Lippman’s quantitative specialist at Deutsche Bank, earning himself a cameo in author Michael Lewis’s book, The Big Short.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.