Sat, Sep 20, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali