View source for Josh Birnbaum

{{short description|American businessman|bot=PearBOT 5}}
{{Infobox officeholder
| name                = Josh Birnbaum
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| nationality         = [[Americans|American]]
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| education           = [[Wharton School of the University of Pennsylvania]]
| occupation          = Chief Investment Officer of Tilden Park Capital Management
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'''Josh Birnbaum''' is an American businessman. He is the co-founder and Chief Investment Officer of Tilden Park Capital Management and a former managing director at [[Goldman Sachs]].<ref>{{Cite web |title=Joshua Birnbaum {{!}} C-SPAN.org |url=https://www.c-span.org/person/?9267795/JoshuaBirnbaum |access-date=2024-02-09 |website=www.c-span.org}}</ref>
==Early life and education==
Raised for a short time in Paris, France, Birnbaum's family moved to [[Oakland, California]], where he attended [[Head-Royce School]] private school, graduating in 1990. After high school, Birnbaum attended the [[Wharton School of the University of Pennsylvania]], where he earned a degree in finance.<ref name=money-power>{{cite book |last= Cohan |first=William |date=2011 |title=Money and Power: How Goldman Sachs Came to Rule the World|location=USA|publisher=Knopf Doubleday Publishing Group|pages=466–468 |isbn=978-0-7679-2826-7}}</ref><ref name=II>{{cite web|url=https://www.institutionalinvestor.com/article/b14zbjwlsjg7f4/josh-birnbaums-talent-identifying-cheap-options|title=Josh Birnbaum's Talent: Identifying Cheap Options|last=Peltz|first=Michael|date=10 July 2014|website=Institutional Investor|access-date=21 December 2018}}</ref>
==Career==
Birnbaum interned for Goldman Sachs in the summer of 1992 as a collateral mortgage obligations analyst.<ref name=money-power/> After graduating Wharton he remained with the firm, eventually leading Goldman's [[structured product]]s group.<ref>{{cite web|url=https://dealbook.nytimes.com/2011/06/06/the-fine-print-of-goldmans-subprime-bet/|title=The Fine Print of Goldman's Subprime Bet|last=Sorkin|first=Andrew Ross|date=6 June 2011|website=[[New York Times]]|access-date=21 December 2018}}</ref>
In 2007, Birnbaum had reportedly generated $3.7 billion for the bank by [[Short (finance)|short-selling]] the [[subprime mortgage]] market, for which he was given a bonus of $10 million.<ref>{{cite web|url=https://www.ft.com/content/967a5626-6170-11e0-a315-00144feab49a|title=The squid and the Whale|last=Gapper|first=John|date=8 April 2011|website=[[Financial Times]]|access-date=21 December 2018}}</ref> In 2010, Birnbaum testified before the [[United States Senate Homeland Security Permanent Subcommittee on Investigations#Wall Street and the Financial Crisis|U.S. Senate Permanent Subcommittee on Investigations]] regarding the firm’s role in the [[subprime mortgage crisis]].<ref name=II/>
After 14 years of working for Goldman, Birnbaum left in 2008 to form Tilden Park Capital Management, named after [[Tilden Regional Park]] near where he had grown up in Oakland, California. Co-founded with former Goldman colleague Jeremy Primer and fellow University of Pennsylvania alum Sam Alcoff, the firm started investing in February 2010 with a $25 million (~${{Format price|{{Inflation|index=US-GDP|value=25000000|start_year=2010}}}} in {{Inflation/year|US-GDP}}) managed account.<ref name=II/><ref>{{cite web|url=https://www.businessinsider.com/josh-birnbaum-10-million-goldman-2011-4|title=Josh Birnbaum Made $10 Million At Goldman And Left Because It Wasn't Enough|last=Comstock|first=Courtney|date=15 April 2011|website=[[Business Insider]]|access-date=21 December 2018}}</ref>
==References==
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[[Category:Living people]]
[[Category:Wharton School alumni]]
[[Category:Chief investment officers]]
[[Category:Goldman Sachs people]]
[[Category:Subprime mortgage crisis]]
[[Category:Year of birth missing (living people)]]