Sat, Jan 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Lippmann and Brettschneider's $500m launch hedge fund LibreMax Capital looks to Gravitas for tech solutions

Thursday, February 24, 2011

Greg Lippmann
Opalesque Industry Update - Gravitas, a leading provider of business consulting and technology solutions to the alternative investment and financial services industries, is proud to announce that it provided technology and consulting services to support the launch of alternative asset manager LibreMax Capital and has been engaged to provide ongoing support services to LibreMax.

LibreMax launched in late 2010, and was founded by former Deutsche Bank AG traders Greg Lippmann and Fred Brettschneider. The fund, with assets under management in excess of $500 million, was one of the most prominent hedge fund launches in recent history.

“We selected Gravitas to handle our technology and infrastructure development because of the company’s reputation as an end-to-end provider that could work with us throughout the implementation process,” said LibreMax co-founder and chief investment officer, Greg Lippmann.

For LibreMax’s launch, Gravitas assisted the firm with the design and build of its core technology systems, utilizing Gravitas’ Hosting Services where applicable. In addition, an in-house IT facility was created, involving the coordination with and management of several third-party technology service providers.

“While newly established funds face an extremely challenging environment, with increased investor emphasis on due diligence and more complex regulatory requirements, we believe that smart firms are using this as an opportunity to build strong technology infrastructures designed to last,” said Gravitas CEO Jayesh Punater.

Source

(press release)

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised