Wednesday, 26 November 2014
Last updated 42 sec ago
Aug 21 2012 | 1:05pm ET
LibreMax Capital soared into the double-digits for the year on the back of a rally of the mortgage market last month.
The New York-based hedge fund, led by Greg Lippmann and two other Deutsche Bank veterans, is up 10.12% this year, Reuters reports. The $1.76 billion fund returned 2.71% in July.
"The combination of a strong rally in pricing and an increase in dealer inventories motivated us to reduce our exposure to certain higher beta sectors," Lippmann wrote to investors. LibreMax's net exposure dropped from 102.4% to 99.9% during the month.
"We saw fewer opportunities to add securities," Lippmann wrote.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...