Eugene Xu, Ph.D.

Dr. Eugene Xu is currently a Managing Partner of GardenStar Group, LLC, a New Jersey–based real estate investment firm. He was a co-founder, Chief Risk Officer, and Head of Investing Technology at LibreMax Capital, LLC, a New York–based hedge fund, from 2010 until his retirement at the end of 2019.

From 2000 to 2010, Dr. Xu worked in Deutsche Bank Securities, where he served first as Director and Head of Residential Mortgage–Related ABS Research, and later as Managing Director and Head of ABS Trading Strategy and Quantitative Modeling. From 1997 to 2000, he was a Vice President in ABS Research at Credit Suisse, responsible for quantitative analysis, subordinate MBS strategies, and other research initiatives.

Earlier in his career, Dr. Xu served as Vice President in MBS Research at Chase Securities from 1996 to 1997 and at Smith Barney from 1993 to 1996. He was also a Research Member at the Institute for Advanced Study in Princeton, New Jersey. Dr. Xu holds a B.Sc. degree and an M.Sc. degree in Mathematics from Fudan University in Shanghai, China, as well as a Ph.D. of Mathematics from the University of California, Los Angeles.

Dr. Xu’s research on subprime mortgages prior to the 2008 financial crisis was widely recognized within the MBS investment community and was extensively covered in Barron’s feature article “Coming Home to Roost” (February 13, 2006). His work was also discussed in two New York Times nonfiction bestsellers: Gregory Zuckerman’s The Greatest Trade Ever and Michael Lewis’s The Big Short, the latter of which was adapted into a motion picture that won the 2016 Academy Award for Best Picture, among other honors. In addition, Dr. Xu was profiled in Institutional Investor magazine’s March 21, 2011 article, “The Future Faces of Hedge Funds,” along with coverage in other major media outlets.