Hedge Fund News From HedgeCo.Net

Congress Testimony ‘Slowed Us’: Hedge Fund Pro

CNBC – Being called to testify before the U.S. Congress did little to help him lure clients, said Tilden Park Capital Management CIO Josh Birnbaum, whose hedge fund nonetheless managed to top the industry in 2012.

Asked whether his testimony regarding his role in then-employer Goldman Sachs’s $3.7 billion windfall in betting against the subprime housing market had hurt his business, Birnbaum said, “Without a doubt.”

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