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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