{{short description|American businessman|bot=PearBOT 5}} {{Infobox officeholder | name = Josh Birnbaum | birth_date = | birth_place = | death_date = | death_place = | death_cause = | resting_place = | ethnicity = | education = Wharton School of the University of Pennsylvania | occupation = Chief Investment Officer of Tilden Park Capital Management | known_for = | salary = | networth = | spouse = }}
'''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 products 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-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 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== {{Reflist}}
{{DEFAULTSORT:Birnbaum, Josh}} 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)