Tuesday, October 16, 2012

up 30%! Former Goldman Trader Who Shorted Mortgages Is Now Killing It!

According the BusinessInsider the hedge fund managed by a former Goldman Sachs trader instrumental in the bank's bet against the subprime mortgage crisis is having a stellar year as competitors underwhelm. In fact, his fund is up 30%!..... According to Bloomberg, Josh Birnbaum's Tilden Park Capital Management, which has $1.1 billion in assets, is up 30 percent on the year...... That's definitely a stand-out in a year when typical hedge funds managed to squeeze out returns of only about 5 percent,...............…............................................... Read more: http://www.businessinsider.com/tilden-park-is-killing-it-in-hedge-funds-2012-10#ixzz29UH7ASKm

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