Josh Birnbaum, co-founder and chief investment officer of Tilden Park Capital Management, finds alpha in complexity. He’s happy to see others get scared off from hard-to-understand structured securities, while he digs into the detail to find value for his investors. Birnbaum talks about the challenges in a low-volatility environment where it’s more difficult to find trends and opportunities.
See also “Josh Birnbaum’s Talent: Finding Cheap Options.”