Tilden Park up nearly 20% this year on mortgage bets
By Simone Foxman
Wed Dec 4, 2013
Josh Birnbaum’s real estate focus remains golden.
Former Goldman Sachs mortgage maven Josh Birnbaum’s Tilden Park Capital Management continues to profit heavily from its bets on housing. The firm’s $1.3 billion flagship multistrategy fund was up 1.98% in October, according to a recent letter to investors, bring its year-to-date return to 18.94%. That compares with a 7.09% rise through October of the Absolute Return Mortgage Backed Securities Index....
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