Greg Lippmann Explained

Greg Lippmann
Birth Name:Greg Holden Lippmann
Nationality:American
Alma Mater:University of Pennsylvania
Occupation:Banker
Spouse:Kimberly Lee Duckworth

Greg Holden Lippmann (born 1968/1969) is an American hedge fund manager, and one of the key figures in Michael Lewis' book The Big Short.[1]

Early life

Greg Lippmann is the son of Susan Lippmann, a business manager at Purchase College, and Thomas J. Lippmann, the retired owner of the DBL Operating Corporation, a real estate investment and management business in New York, both of Scarsdale, New York.[2]

He earned a bachelor's degree in economics from the University of Pennsylvania in 1991.[3] [2] [4]

Career

Lippmann worked for Deutsche Bank, as global head of asset-backed securities trading, until he left in April 2010, and was succeeded by Pius Sprenger.[5] [6]

In February 2010, Lippmann announced that he would be joining a hedge fund started by Fred Brettschneider, who was formerly Deutsche Bank's head of global markets.[6] Lippmann co-founded LibreMax Partners with Brettschneider, and is its Chief Investment Officer and Portfolio Manager.[4]

In May 2016, Bloomberg LP reported that Lippmann was working with Promise Financial on a wedding loans business.[7]

Personal life

On December 14, 2002, he married Dr. Kimberly Lee Duckworth, the daughter of Ingrid D. Bellemère of Las Vegas and Stephen M. Duckworth of Naples, Florida, at the 200 Fifth Club in New York City, in a ceremony officiated by Rabbi Stephen A. Klein.[2]

In popular culture

A character based on Lippmann, Jared Vennett, was portrayed by actor Ryan Gosling in the 2015 film The Big Short.

Notes and References

  1. Web site: WHERE ARE THEY NOW?: 'The Big Short' Edition. April 27, 2018.
  2. News: WEDDINGS/CELEBRATIONS; Kimberly Duckworth, Greg Lippmann. The New York Times . 15 December 2002. 27 April 2018. NYTimes.com.
  3. Book: Lewis. Michael. The big short : inside the doomsday machine. 2010. Allen Lane. London. 9781846142574. 80.
  4. Web site: Executive Profile: Greg Holden Lippmann. Bloomberg LP. 27 April 2018.
  5. Book: Vincent W. Veneziani. The Greatest Trades of All Time: Top Traders Making Big Profits from the Crash of 1929 to Today. 27 April 2018. 4 October 2011. John Wiley & Sons. 978-0-470-64599-4. 141–142.
  6. Web site: Lippmann, Deutsche Trader, Steps Down. Dealbook. 21 April 2010. The New York Times. 27 April 2018.
  7. Web site: Greg Lippmann, 'Big Short' Trader, Wants to Finance Your Wedding. 6 May 2016. 27 April 2018. www.bloomberg.com.