Greg Lippmann, ‘Big Short’ Trader, Wants to Finance Your Wedding
- Ties knot with Promise Financial, internet lender for nuptials
- Borrow now for big day, say `I do,' pay it back over time
Greg Lippmann. Photographer: Jin Lee/Bloomberg
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Greg Lippmann, made famous for amassing a fortune by betting against subprime mortgages in the run-up to the financial crisis, is now wagering on a different kind of finance: wedding loans.
Lippmann’s hedge-fund firm LibreMax Capital LLC has agreed to buy loans made by Promise Financial, an online lender specializing in helping couples pay for the many costs involved in their big day, according to Promise’s co-founders, Josh Jersey and Bradley Vanderstarren, in a phone interview.