A star trader is out at $12.8 billion LMR Partners after a mortgage-backed securities trade backfires

Andrew Berger was one of the buzziest PMs after racking up hundreds of millions in gains. He's left LMR after a drawdown in September.

Oct 10, 2025 - 20:00
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A star trader is out at $12.8 billion LMR Partners after a mortgage-backed securities trade backfires
Andrew Berger was one of the buzziest PMs after racking up hundreds of millions in gains. He's left LMR after a drawdown in September.

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