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Former Goldman Trader to Launch $1 Billion Mortgage Hedge Fund 

Apr 17, 2008By

Add 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.