Goldman Subprime Savant To Launch Hedge Fund

Apr 17 2008 | 12:59pm ET

Josh Birnbaum, who helped orchestrate Goldman Sachs’ highly-profitable bets against subprime mortgage-backed bonds, has left the firm to found his own hedge fund.

Birnbaum, who was a managing director at Goldman, plans to raise about $1 billion for the fund, Bloomberg News reports. The fund is expected to join a glut of other vehicles pouring into mortgage investing in the wake of the continuing credit crisis.

Birnbaum joined Goldman in 1993 and reportedly made between $5 million and $15 million last year.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...