35 place 16

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

Business Insider
Alex Morrell,Bradley Saacks @ Business Insider · 10/10/2025 10:17 EDT

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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