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Now On Demand
We believe securitized products, such as asset-backed and mortgage-backed securities, are an under-allocated asset class that offers diversification along with attractive fundamentals and value relative to high yield and investment grade credit. This is an alpha-rich investable universe that is an essential part of the US economy, providing financing for American consumers.
Please join Greg Lippmann, Founder & Chief Investment Officer of LibreMax Capital for a discussion on:
- Market overview and the basics of structured credit
- Why structured credit is especially compelling today
- How LibreMax capitalizes on the space
- How LibreMax can help increase the return and lower the volatility of a fixed income allocation
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Mr. Lippmann is the Managing Founding Partner and the Chief Investment Officer (“CIO”) of LibreMax. He is Chairman of LibreMax’s Investment Committee, a non-voting member of its Risk Management and Valuation Committees, and a member of its ESG Committee. Prior to founding LibreMax, Mr. Lippmann was head of all non-agency RMBS, ABS and CDO trading globally at Deutsche Bank, where he rose to prominence during the GFC through successfully establishing short positions ahead of the housing crash. Mr. Lippmann was featured in The Big Short by Michael Lewis. He began his career at Deutsche Bank as a trader of non-investment grade ABS and RMBS securities. In 2003, he became Global Head of ABS and CDO trading, adding non-agency MBS to his business in late 2008. Prior to joining Deutsche Bank in 2000, Mr. Lippmann was a Director and head of ABS/MBS Subordinate and CDO trading at Credit Suisse, which he joined in 1991. Mr. Lippmann graduated from the University of Pennsylvania in 1991, magna cum laude, with a B.A. in Economics and a minor in English. Mr. Lippmann serves on the board of New 42nd Street and the South Fork Natural History Museum. He is also on the Advisory Council of the American Museum of Natural History. |
Keith Black has over thirty years of financial market experience, serving approximately half of that time as an academic and half as a trader and consultant to institutional investors. He currently serves as Managing Director of Education for RIA Channel. He previously served as the Managing Director of Curriculum and Exams for the CAIA Association. At Ennis Knupp + Associates, Keith advised foundations, endowments, and pension funds on asset allocation and manager selection strategies in hedge funds, commodities, and managed futures. Prior experience includes commodities derivatives trading, stock options research, Cboe floor trading, and building quantitative stock selection models for mutual funds and hedge funds.
Dr. Black has taught courses on traditional and alternative investments at the Illinois Institute of Technology and the University of Massachusetts. He contributed regularly to The CFA Digest and has published in The Journal of Wealth Management, The Journal of Trading, The Journal of Investing, and The Journal of Alternative Investments, among others. He is the author of the book “Managing a Hedge Fund,” and co-authored the second, third, and fourth editions of the CAIA Level I and Level II textbooks. His book “Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation” will be published by Wiley in Fall 2024. Dr. Black was named to the Institutional Investor magazine’s “Rising Stars of Hedge Funds” list in 2010.
Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from the Illinois Institute of Technology. He has earned the Chartered Financial Analyst (CFA) designation and was a member of the inaugural class of the Chartered Alternative Investment Analyst (CAIA) and Financial Data Professional (FDP) candidates. He has also earned the Certified Digital Asset Advisor (CDAA) designation. |
