Lippmann’s LibreMax Said to Gain as Mortgage Funds Rise

Lippmann’s LibreMax Said to Gain as Mortgage Funds Rise Play

April 19 (Bloomberg) -- LibreMax Capital LLC made money in mortgage securities last month, weathering the first loss for subprime-backed bonds in 10 months. Greg Lippmann’s $605 million LibreMax hedge fund rose 0.6 percent, bringing 2011 returns to 4.2 percent, according to investor documents obtained by Bloomberg News. Bloomberg's Erik Schatzker reports in today's Movers & Shakers. (Source: Bloomberg)

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