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Former Goldman Trader to Launch $1 Billion Mortgage Hedge Fund
Apr 17, 2008Add another to the growing glut of hedge funds lining up to throw money at the primary and secondary mortgage markets: Bloomberg News reported Thursday that none other than Josh Birnbaum has bolted from Goldman Sachs Group [stock GS][/stock] to form his own hedge fund. Birnbaum is known as one of the key traders that led Goldman to bet against subprime mortgage bonds before it was cool to do so; as we know now, that bet worked out pretty well.
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Merrill Posts Quarterly Loss, $4.3 Billion in Mortgage-Related Writedowns
Apr 17, 2008 -
Double Take: JPMorgan Quietly Raising $6 Billion
Apr 16, 2008 -
Wells Fargo Beats Estimates, Despite Soaring Losses on Junior Liens
Apr 16, 2008 -
Latest Miss: GE Blames Capital Markets for Earnings Woes
Apr 11, 2008 -
No Bottom Here: Pending Home Resales Hit Lowest Levels on Record
Apr 08, 2008 -
Pace of New Home Sales Reaches 13 Year Low
Mar 26, 2008 -
Existing Home Sales Rose Unexpectedly in February
Mar 24, 2008 -
Did the Fed bend its own rules by bailing out Bear Stearns?
Mar 21, 2008 -
Morgan Stanley Latest on Wall Street to Beat Analyst Estimates
Mar 19, 2008 -
Stocks Rally on Speculation of Possible Historic Fed Rate Cut, But How Far Can the Fed Go?
Mar 18, 2008 -
Both Lehman, Goldman Beat Estimates; Stocks Buoyed
Mar 18, 2008
