Greg Lippman, the former Deutsche Bank (DB) trader profiled by Michael Lewis in “The Big Short,” participated this morning in the Bloomberg 2010 Hedge Fund conference, held at the Guggenheim Museum in New York City. And since Bloomberg TV was taping, it also doubled as Lippman’s first-ever television interview.
Kind of fascinating how mild-mannered he comes across, compared to the brash and unfiltered portrayal by Lewis.
Lippman earlier this year left Deutsche to found a new hedge fund called Libre Max Capital and gets asked about the adjustment. He says that he and his partners are “working harder but not longer.” He then added:
“With the increased focus on financial regulation, the ability for hedge funds to provide liquidity for the Street, as opposed for the Street to be a liquidity provider, is on the increase. And it’s going to increase opportunities for all hedge funds in the mortgage space to make money, not just ours.”
Here’s the video:
[youtube=http://www.youtube.com/watch?v=bOxUmsNpWRM]
