Sunday, 3 May 2015
Last updated 2 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…