Josh Birnbaum's Tilden Park was one of the top winners among the mortgage focused hedge funds in 2012. With a +41% return, Birnbaum knocked out all competition in other strategies as well. However the MBS/ABS strategy fizzled out in 2013 as tapering fears strengthened and then materialized towards the end of the year. The star-studded record was slashed to nearly half as Tilden Park reported a +20% return through the end of November 2013. According to a monthly stat-sheet seen by ValueWalk, the fund rose +0.9% in November.
Mortgage hedge funds Tilden Park, Pine River shine...
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