Lippmann Sees Biggest Structured Credit Opportunity of Decade

Investors should think about cutting their risk levels in collateralized loan obligation debt by buying higher-rated securities, but generally structured credit is the most attractive it’s been in a decade, according to LibreMax Capital Chief Investment Officer Greg Lippmann.

Lippmann is a former Deutsche Bank AG trader known for his bet against subprime mortgages before the 2008 financial crisis. He appears in the book “The Big Short.”

He spoke to Bloomberg’s Carmen Arroyo in a series of interviews that ended on May 30. Comments have been edited and condensed.

Banks have been slowly pulling back from structured credit markets ...