Jared Vennett (Greg Lippmann): Biography, Career, and Business Insights

Jared Vennett (Greg Lippmann)’s Profile Summary

Company	LibreMax Capital
Position	Jared Vennett, the character from The Big Short, is based on the real-life trader Greg Lippmann. While there is no public record of a firm named Vennett Capital, Greg Lippmann co-founded LibreMax Partners, where he serves as Managing Founding Partner, Chief Investment Officer, and Portfolio Manager
Source of wealth	Management and performance fees from LibreMax Partners, profits from trading CDOs and ABS at Deutsche Bank during the housing market crash
Also known as	Expert on structured financial products, public speaker at financial forums.
Age	Unknown
Education	University of Pennsylvania – BA in Economics, Minor in English
Citizenship	United States
Residence	New York City, USA
Family	Greg Lippmann (the real-life inspiration for Jared Vennett) is married to Kimberly, and they have children.
Website, Social Media	https://www.libremax.com/

Biography

Jared Vennett, portrayed in The Big Short and based on real-life financial expert Greg Lippmann, rose to prominence during the 2007-2008 financial crisis. Lippmann was the Global Head of CDO and ABS Trading at Deutsche Bank, where he identified flaws in the mortgage-backed securities market. His foresight into the impending collapse allowed him to make significant profits by betting against subprime mortgages, which earned him a reputation for being ahead of the curve. Lippmann’s work at Deutsche Bank made him a key figure during the financial crisis, and in 2010, he co-founded LibreMax Partners, an asset management firm specializing in structured products. He continues to work as the firm's CIO and Portfolio Manager. Lippmann graduated magna cum laude from the University of Pennsylvania, and prior to Deutsche Bank, he worked at Credit Suisse, gaining extensive experience in non-investment-grade securities trading

How did Jared Vennett (Greg Lippmann) make money?

Jared Vennett (Greg Lippmann) makes money in the following areas:

Management and performance fees from LibreMax Partners, profits from trading CDOs and ABS at Deutsche Bank during the housing market crash
What is Jared Vennett (Greg Lippmann) net worth?

As of 2026, there is no publicly available and reliable information regarding Jared Vennett (Greg Lippmann)’s net worth.

What is Jared Vennett (Greg Lippmann) also known as?

Greg Lippmann, upon whom Jared Vennett is based, is also recognized for his deep expertise in structured financial products, particularly mortgage-backed securities and CDOs. Beyond his role in the financial sector, Lippmann has spoken at major financial forums, including the Forbes Iconoclast Summit, where he provides insights on market conditions and investment strategies. He has also served on advisory boards of cultural and educational institutions such as the South Fork Natural History Museum and the American Museum of Natural History, indicating his involvement in philanthropy and support of the arts

Prominent achievements

Lippmann is best known for making approximately $1.5 billion from his successful bets against the housing market during the financial crisis, co-founded LibreMax Partners, recognized as an expert in structured financial products, served as a key speaker at financial forums like the Forbes Iconoclast Summit

What are Jared Vennett (Greg Lippmann)’s key insights?

Greg Lippmann's business philosophy revolves around identifying market inefficiencies and being willing to go against the mainstream. His foresight in recognizing the flaws in mortgage-backed securities allowed him to capitalize on the 2008 financial crisis. He emphasizes the importance of understanding market risk and believes in taking calculated risks when opportunities arise, even when they are unpopular or contrarian

Personal life

Greg Lippmann has been married to Kimberly since 2002, and they have a family together, although details about his children remain private. The couple resides in New York, and Lippmann maintains a low profile regarding his personal life and family

Useful insights

Focus on long-term value

Long-term thinking is critical for lasting success. David Swensen, the late Chief Investment Officer of Yale University, built his career on focusing on sustainable, long-term growth.

Think beyond immediate gains

David Swensen is known for focusing on long-term returns rather than short-term profits. Whether in investments or career decisions, always consider the long-term impact of your actions. Patience often leads to better results than chasing quick wins.
Diversify your skillset

Just as Swensen diversified his investment strategies, it’s important to diversify your skills. Continually develop new skills and broaden your expertise. This makes you more adaptable and prepared to succeed in a rapidly changing environment.
Communicate transparently

Swensen believed in keeping stakeholders informed about both risks and opportunities. In any professional or personal endeavor, transparent communication fosters trust and aligns everyone toward common goals.